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Iran Calls US Blockade ‘Act of War’ as Oil Soars

4/24/2026

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Iran Speaker Warns
  • Iran’s parliament speaker warned the U.S. naval blockade is an act of war that endangers Strait of Hormuz commerce.
  • U.S. President Donald Trump announced an indefinite cease-fire extension at Pakistan’s request while keeping the naval blockade of Iranian ports.
  • Iran’s Islamic Revolutionary Guard Corps seized two commercial vessels in the strait, alleging rule violations.
  • Oil above $100 a barrel triggered fertilizer-gas shortages, raising inflation concerns ahead of U.S. midterms.
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