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Trump Threatens Iran, US Blockade Boosts Oil, Jobs at Risk

4/29/2026

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Summary

Story summary

President Donald Trump posted a mock-up image showing himself with a gun, warning Iran while preparing a naval blockade of ports and the Strait of Hormuz.
Brent crude rose about 4% after reports United States might extend the blockade, with Iran saying it can survive using routes and supplies.
Factory closures in Iran have halted production, threatening up to 12 million jobs as the rial fell to 1,810,000 per U.S. dollar.

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Story summary

President Donald Trump posted a mock-up image showing himself with a gun, warning Iran while preparing a naval blockade of ports and the Strait of Hormuz.
Brent crude rose about 4% after reports United States might extend the blockade, with Iran saying it can survive using routes and supplies.
Factory closures in Iran have halted production, threatening up to 12 million jobs as the rial fell to 1,810,000 per U.S. dollar.