US EditionIranian Official Warns of Surging U.S. Gas Prices Following Blockade Threat
West Texas Intermediate rose about 8% to $104.50 a barrel as Tehran said the blockade could trigger higher global fuel costs.
- The U.S. military will enforce a naval blockade of all Iranian ports in the Arabian Gulf and Gulf of Oman starting Monday evening, targeting vessels entering or leaving Iranian territory while permitting transit between non-Iranian ports.
- Failed ceasefire talks in Islamabad, Pakistan, between Vice President JD Vance and Iran's parliament speaker Mohammad Bagher Ghalibaf preceded the blockade announcement, with Ghalibaf describing the discussions as "intensive, serious and challenging."
- Oil prices climbed sharply on Monday, with West Texas Intermediate rising eight percent to $104.50 per barrel and Brent crude jumping seven percent to $102, while Asian markets including the Kospi and Nikkei declined.
- Posting on X, Iran's parliament speaker Mohammad Bagher Ghalibaf warned Americans the blockade could drive gas prices higher, suggesting they would soon be "nostalgic for $4–$5 gas" alongside a photo of petrol prices near the White House.
- U.S. naval forces advised mariners to monitor official notices and maintain communication regarding the blockade, as shippers and consumers face potential near-term economic strain and market volatility in the Strait of Hormuz.
32 Articles
32 Articles
“Enjoy the current pump figures”: The blockade is here, but Iran is choosing to taunt Trump rather than panic
The United States military has started a blockade of Iranian ports. This high-stakes maneuver follows the breakdown of peace talks in Islamabad, where negotiations between the U.S. and Iran concluded over the weekend without a deal. While the tension is clearly ratcheting up, Iranian officials are choosing to respond with a mix of defiance and public taunts directed at the Trump administration regarding the potential economic fallout. Per The Hi…
Iran taunts Trump, threatens Gulf ports over blockade threat
Iran is taunting the Trump administration over gas prices in the U.S. and threatening ports on the Persian Gulf after President Trump announced a blockade of the Strait of Hormuz on Sunday. Mohammad Bagher Qalibaf, the speaker of the Iranian parliament, told the U.S. in a post on the social platform X Sunday afternoon to...
A stark warning about the future of fuel prices has been posted on the social media page of the speaker of the Iranian parliament. The post says it is worth "enjoying the current prices" because a possible "blockade" could soon lead to significant price increases.
The US announces the blockade of the ships. The president of the Iranian parliament Ghalibaf publishes a challenge message: "Soon there will be nostalgic of the current prices." Starmer: "We do not let ourselves be dragged into the war." Iran effect on the lists of the bags: future Europe and the Usa in red. Tajani arrives to Beirut: "I am here to facilitate the dialogue with Israel"
Is the era of cheap gasoline coming to an end? Iran issued a strong statement after the collapse of negotiations. Iran threatened the Americans with a sharp increase in gasoline prices in response to Trump's announcement to block the Strait of Hormuz. According to RBC-Ukraine, Iranian Parliament Speaker Mohammad Bagher Ghalibaf wrote this on his social media account. Read also: "The US will not allow Iran to have nuclear weapons": Trump announce…
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