Iran's parliament speaker, Mohammad Bagher Ghalibaf, has ridiculed U.S. President Donald Trump's threat to impose a blockade in the Strait of Hormuz, warning that it could lead to a significant increase in oil prices. Ghalibaf highlighted current fuel prices in the U.S. and suggested that Americans would soon miss the prices of $4-$5 per gallon if the blockade is enforced. His comments came after Trump announced that the U.S. Navy would begin blocking ships entering or leaving Iranian ports, following the collapse of ceasefire talks between the two nations. The announcement led to a sharp rise in global oil prices, with crude oil jumping by approximately 11%, surpassing $105 per barrel. The U.S. Central Command confirmed that the blockade would apply to all vessels, although those traveling between non-Iranian ports would still be allowed passage through the Strait. This situation raises concerns over potential disruptions in oil supply, given the strategic importance of the Strait of Hormuz as a key shipping route.