Reports Indicate US Prepares for Prolonged Hormuz Blockade, Raising Oil Price Worries

President Trump has reportedly directed officials to plan for an extended U.S. naval blockade of the Strait of Hormuz, intending to increase economic pressure on Iran. This news, initially reported by the Wall Street Journal, has intensified concerns over oil prices, with Brent crude now exceeding $111 per barrel. Markets are closely watching this situation alongside ongoing discussions for a potential resolution to the conflict.