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Trump Rejects Iranian Hormuz Offer, Vows Blockade Until Nuclear Deal

The stance signals a prolonged standoff that will likely keep energy costs elevated.

Overview

  • Trump, in an Axios interview Wednesday, rejected Iran’s offer to reopen the Strait of Hormuz in return for lifting the U.S. port blockade and said the siege stays until a nuclear deal.
  • He argued the blockade is “more effective than bombing” and said Iran is “choking like a stuffed pig,” casting the naval squeeze as leverage to force nuclear concessions.
  • The White House briefed oil executives on plans to sustain the blockade for months, and AAA reports average U.S. gasoline now costs about $4.22 per gallon.
  • Disruptions at the Strait of Hormuz, a narrow waterway that carries roughly a fifth of the world’s seaborne oil, have pushed crude prices higher as traders price in longer delays.
  • Escalation risks grew as Axios reported CENTCOM has a “short and powerful” strike option prepared and an Iranian state-linked source warned of “practical and unprecedented action” if the blockade continues.