Iran Blockade Could Last Months, White House Warns
The Trump administration is negotiating with oil companies on how to mitigate the impact of a possible long-term blockade of Iranian ships and ports. Washington is seeking to curb Iran's oil exports and force Tehran to resume full shipping through the Strait of Hormuz, which is key to global energy supplies. According to a White House official, the blockade could continue for months if necessary.
The tensions are reflected in markets, with oil prices rising and Brent crude hitting a one-month high. Iran has responded with threats of "unprecedented military action" while maintaining that the conflict is not over.
The dispute also centers on Iran's nuclear program: the US is demanding that it be curbed, while Tehran insists on its right to enrich uranium for civilian purposes. Trump has called on Iran to "get smart soon" and agree to a deal.
Iran's economy is meanwhile facing severe pressure. The currency has weakened sharply and inflation is above 65%. Trump faces criticism at home over rising fuel prices and falling approval ratings.
(reuters, mja)