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Trump Briefed as Oil Hits $126, US Blocks Iranian Ports

5/1/2026

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Center

Trump Briefed

Brent crude climbed above $126 a barrel and U.S. gasoline reached $4.30 per gallon, a four-year high.
President Donald Trump was briefed Thursday at White House by CENTCOM Commander Admiral Brad Cooper Strait of Hormuz and Iran.
Iran’s new supreme leader televised a pledge to protect the nation’s nuclear and missile capabilities.
United States plans to extend blockade of Iranian ports until Tehran agrees to nuclear deal.

Left

Iran Controls Hormuz

Iran unveiled new legal frameworks declaring foreign vessels may only occupy the bottom of the Strait of Hormuz.
U.S. President Donald Trump pledged to keep blockade of Iranian ports in Strait of Hormuz until a deal is reached.
Supreme Leader, National Persian Gulf Day, warned U.S. bases lack strength.
Tehran said it will not relinquish Strait control while nuclear negotiations remain stalled.

History

Historical Context

In October 1973 OAPEC—led by Saudi Arabia, Egypt and Syria—cut oil shipments to the United States to protest arms support for Israel, causing world oil prices to quadruple from about $3 to $12 per barrel. The embargo showed how naval sanctions can reshape markets, a lesson echoed as President Donald Trump and Admiral Brad Cooper enforce a U.S. blockade of Iranian vessels in the Strait of Hormuz.

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Trump Briefed

Brent crude climbed above $126 a barrel and U.S. gasoline reached $4.30 per gallon, a four-year high.
President Donald Trump was briefed Thursday at White House by CENTCOM Commander Admiral Brad Cooper Strait of Hormuz and Iran.
Iran’s new supreme leader televised a pledge to protect the nation’s nuclear and missile capabilities.
United States plans to extend blockade of Iranian ports until Tehran agrees to nuclear deal.

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