Trump maintains Iran port blockade as oil hits four-year high
Updated
Updated · The Washington Post · Apr 30
Trump maintains Iran port blockade as oil hits four-year high
12 articles · Updated · The Washington Post · Apr 30
With the Strait of Hormuz shut, Brent briefly reached $126 and US gasoline averaged $4.30, while talks remain on hold after April negotiations in Islamabad failed.
Tehran has proposed reopening the waterway before any renewed nuclear talks, but Trump rejected any deal that does not bar Iran from obtaining a nuclear weapon.
The standoff, triggered after a US-Israeli attack on 28 February, is straining Asian economies, hardening Iranian positions and deepening domestic repression, with the UN citing 21 executions and more than 4,000 arrests.
Beyond oil, which economies are the surprise winners and losers of this escalating U.S.-Iran trade war?
Could a looming humanitarian crisis inside Iran force a breakthrough in nuclear talks before the U.S. blockade does?
With Russia now mediating, could Putin's diplomacy break the US-Iran stalemate and avert a catastrophic regional war?