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Trump administration doubles down on Iran blockade as oil prices surge

The President is squeezing the Iranian regime's economy, forcing a choice between total collapse and a real deal.

Foreign PolicyPublished April 29, 2026 at 10:49 PM
A man filling up his car at a filling station

President Trump is maintaining a firm hand against the Iranian regime, ordering aides to prepare for an extended blockade of Iranian ports in a strategic move to choke off the country's oil exports. This decisive action, aimed at forcing Tehran to the negotiating table, has caused Brent crude prices to spike above $120 a barrel.

The President met with top energy executives, including Chevron CEO Mike Wirth, at the White House to discuss domestic production and mitigate the impact on American consumers. While the global market reacts to the reality of a restricted Strait of Hormuz, the administration is prioritizing national security and economic pressure over the status quo.

Iran, having repeatedly threatened international shipping and restricted transit through the vital waterway, is now feeling the heat of its own belligerence. With the Iranian rial at record lows and inflation soaring to 53.7%, the regime's economy is buckling under the weight of its own hostile choices.

President Trump has made it clear that Iran needs to 'get smart' and reach a deal, opting for a sustained blockade as the most effective, low-risk method to neutralize the threat Tehran poses to global stability.

While international markets grapple with the volatility, the administration remains focused on the objective: holding a state sponsor of terror accountable.

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