Trump Iran Blockade: Oil Prices Surge, War Powers Loom

WASHINGTON – President Donald Trump indicated Thursday that the U.S. Naval blockade of Iran could persist for months, even as energy prices surge and a congressional deadline for a war powers resolution approaches. The blockade, implemented in response to Iran’s continued pursuit of nuclear and missile capabilities, has already driven Brent crude oil prices to over $126 a barrel, the highest level since Russia’s 2022 invasion of Ukraine, before settling back to around $114 a barrel. Gas prices in the United States have also risen to an average of $4.30 a gallon, marking the highest level in nearly four years.

According to a U.S. Official familiar with the planning, Trump will receive a briefing from Adm. Brad Cooper, commander of U.S. Central Command, at the White House on Thursday. The briefing will focus on potential military actions against Iran and provide an update on the ongoing blockade of Iranian ports. This comes as talks to end the war and reopen key trade routes remain stalled.

Iran’s new supreme leader reaffirmed the nation’s commitment to its nuclear and missile programs in a message broadcast on state television. The leader vowed to protect these capabilities as national assets, signaling a continued unwillingness to concede in negotiations. This defiant stance is further exacerbating the economic disruption caused by the blockade.

Oil Prices Soar Amid Blockade

The spike in energy prices followed a report by Axios indicating that the U.S. Military was preparing plans for potential military action against Iran. The international benchmark for oil, Brent crude, briefly reached over $126 a barrel overnight before decreasing to around $114 a barrel early Thursday. The increase in gas prices within the United States has reached an average of $4.30 a gallon, the highest level seen in almost four years.

Congressional Concerns and Potential Military Action

The situation is unfolding as Congress considers a resolution invoking the War Powers Act, potentially limiting the President’s authority to engage in military action without congressional approval. The timing of this resolution adds another layer of complexity to the already tense situation. The U.S. Military is reportedly preparing options for a range of responses, including targeted strikes.

The White House has not yet announced a decision on whether to pursue military action, but President Trump has signaled a willingness to consider all options. The briefing with Adm. Cooper is expected to provide a comprehensive assessment of the risks and benefits of each potential course of action.

Global Economic Impact

The U.S. Blockade of Iran is having a significant impact on the global economy, disrupting trade routes and driving up energy prices. The Strait of Hormuz, a critical waterway for oil shipments, has become a focal point of the standoff. The disruption is raising concerns about a potential global recession.

The United Arab Emirates recently withdrew from OPEC, a move that analysts say could further complicate efforts to stabilize oil prices. The combination of the U.S. Blockade, Iran’s defiant stance, and the UAE’s withdrawal from OPEC is creating a volatile and unpredictable situation in the global energy market.

As of April 30, 2026, there is little sign of a diplomatic resolution to the conflict. The U.S. Continues to demand that Iran abandon its nuclear and missile programs, while Iran insists on maintaining its sovereign right to develop these capabilities. The blockade is expected to remain in place until a deal is reached, potentially lasting for months to come.