Iran defies Trump’s blockade as oil prices soar

Iran warned the United States on Thursday that its naval blockade was doomed to fail, after President Donald Trump signalled it could be enforced for months to come, in a confrontation wreaking havoc on global energy markets. Oil prices soared to a four-year high, with Brent crude for June delivery up 7.1 percent to more than $126 dollars a barrel, and Iran’s President Masoud Pezeshkian responded with a warning that the action would only further destabilise the region.