President Donald Trump on Thursday ordered the US Navy to “shoot and kill any boat” laying mines in the Strait of Hormuz, boasting that Iran’s naval ships were “ALL, 159 of them, at the bottom of the sea.”
Traders on prediction market Kalshi are pricing in a 52% chance that US gasoline prices top $5 per gallon at some point in 2026.
Oil Prices Climb As Hormuz Stays Shut
Brent crude popped above $105 after Iran’s Mehr news agency reported on Thursday that air defense systems were activated in parts of Tehran to counter unspecified hostile targets.
Trump added that US minesweepers are clearing the Strait, and ordered them to continue, but “at a tripled up level.”
The Pentagon said it intercepted two oil supertankers attempting to evade its blockade on Iranian ports. Tehran has said it will not return to negotiations while the blockade remains in …
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