Iran Blocks Strait of Hormuz as Trump Urges Americans to Accept Higher Gas Prices

Iran has signaled that it will continue to block the Strait of Hormuz, a critical waterway for global oil trade, unless the US acknowledges defeat. In response to Iran's stance, President Donald Trump urged Americans to accept slightly higher gasoline prices while the conflict with Iran continues.

The comments from both sides suggest that progress toward peace talks and oil tanker traffic through the strait have stalled. The average price of a gallon of gasoline in the US is around $4.08, up 29% from last year.

Iran's Deputy Foreign Minister Kazem Gharibabadi stated that 'this strait will be opened and closed only under Iran's command,' indicating that the country will continue to enforce its blockade until its demands are met.