Trump Says Iran Blockade ‘Incredible’ as Pump Prices Keep Rising

President Donald Trump said he was sticking with a naval blockade of Iranian ports amid concerns the vital Strait of Hormuz would not reopen anytime soon.

“Their economy is crashing, the blockade is incredible,” Trump told reporters at the White House. “Their economy is a disaster. So we’ll see how long they hold out.”

Oil prices steadied after surging on Thursday with little sign that Washington and Tehran were moving closer to an accord, as the US doubled down on a blockade and strident comments from Iran’s new leader.

Brent futures initially rose to $126 a barrel — their ...