Washington (TDI): US President Donald Trump has held talks with oil industry executives on managing the global and domestic impact of a potentially prolonged US blockade of Iran’s ports, as tensions between Washington and Tehran show little sign of easing.
According to a White House official, the discussions focused on steps to stabilise oil markets and protect American consumers if the blockade, aimed at pressuring Iran, continues for several months, Reuters reported. The move is part of broader efforts to force Tehran to reopen the vital Strait of Hormuz to international shipping.
The talks come amid a diplomatic stalemate, with both sides exchanging warnings while backchannel communication continues. Pakistan, which has been involved in facilitating dialogue, is reportedly working to prevent further escalation as messages continue to pass between Washington and Tehran.
Trump, in a social media post, urged Iran to agree to a deal, saying it should “get smart soon,” while criticising its handling of negotiations.
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The conflict has already had a noticeable economic impact. Oil prices jumped more than six percent, with Brent crude hitting a one-month high amid fears that a prolonged disruption could tighten global supply.
The US military campaign has also proven costly, with Pentagon officials estimating expenses at around $25 billion so far.
Iran, for its part, has maintained a defiant stance. Officials in Tehran warned of “unprecedented” military action if the blockade continues, while vowing to keep disrupting maritime traffic as long as pressure persists. Iranian leaders have also rejected US demands to address nuclear issues upfront, insisting instead on a phased approach to negotiations.
At the centre of the dispute is Iran’s nuclear programme, with Washington insisting Tehran must not develop nuclear weapons, while Iran maintains its activities are for civilian purposes.
Read More: Iran Prepares Revised Proposal as Trump Hesitates on Earlier Offer
Meanwhile, regional tensions remain high, with shipping through the Strait of Hormuz severely restricted, raising concerns over global energy security.
On the diplomatic front, Trump also confirmed he had spoken with Vladimir Putin about a possible ceasefire in Ukraine, highlighting parallel geopolitical challenges facing the US administration.
Domestically, the war is adding to political pressure on Trump, as rising fuel prices and economic concerns weigh on public opinion. Recent polling shows his approval ratings slipping, reflecting growing unease among American voters over both the conflict and its economic fallout.
