Oil Jumps Above $100 as Strait of Hormuz Blockade Starts
Briefly

Oil Jumps Above $100 as Strait of Hormuz Blockade Starts
"At some point, we will reach an ALL BEING ALLOWED TO GO IN, ALL BEING ALLOWED TO GO OUT' basis, but Iran has not allowed that to happen by merely saying, There may be a mine out there somewhere,' that nobody knows about but them. THIS IS WORLD EXTORTION, and Leaders of Countries, especially the United States of America, will never be extorted."
"I have also instructed our Navy to seek and interdict every vessel in International Waters that has paid a toll to Iran. No one who pays an illegal toll will have safe passage on the high seas."
"We will also begin destroying the mines the Iranians laid in the Straits. Any Iranian who fires at us, or at peaceful vessels, will be BLOWN TO HELL!"
"The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman."
Oil prices increased significantly following President Trump's announcement of a naval blockade in the Strait of Hormuz. Brent crude oil rose over 7% to $102.02 per barrel after Vice President JD Vance's unsuccessful meeting with Iranian leaders. Trump emphasized that the blockade would target vessels paying illegal tolls to Iran and warned of severe consequences for any Iranian aggression. U.S. Central Command confirmed the blockade would begin at 10:00 a.m. ET, ensuring freedom of navigation for non-Iranian vessels while enforcing the blockade against Iranian ports.
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