President Donald Trump stated his commitment to a naval blockade of Iranian ports, asserting that Iran's economy is suffering significantly. Oil prices have surged, with Brent crude reaching $126 per barrel before stabilizing around $112. The blockade and heightened tensions have led to rising gasoline prices in the US, particularly in California, where prices have surpassed $6 per gallon. Trump's comments come as Iran's new supreme leader, Mojtaba Khamenei, expressed defiance against US demands, insisting on maintaining control over the Strait of Hormuz. Analysts suggest that the US may escalate military actions in the region within the next two weeks to secure a better negotiating position, as Iran has indicated it will not reopen the strait until the blockade is lifted. The situation remains fluid, with significant implications for global oil markets and US domestic prices.