President Trump has threatened to blockade the Strait of Hormuz. This move aims to increase pressure on Iran. The waterway is crucial for global oil shipments. Iran has already been limiting access. Trump’s action risks further disruption to oil flows. This could lead to higher global oil prices. The US has previously allowed some Iranian oil sales. President Trump has threatened to blockade the Strait of Hormuz. This move aims to increase pressure on Iran. The waterway is crucial for global oil shipments. Iran has already been limiting access. Trump’s action risks further disruption to oil flows. This could lead to higher global oil prices. The US has previously allowed some Iranian oil sales.
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