Iran threatens to retaliate against Gulf ports for US blockade
- Posted on April 13, 2026
- By Business News Today
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Iran threatens to retaliate against Gulf ports for US blockade
The United States military will blockade ships leaving Iran's ports starting Monday. Iran has threatened retaliation against Gulf neighbors. Oil prices have jumped significantly as the Strait of Hormuz remains closed. Talks to end the conflict have broken down. NATO allies refuse to join the blockade. US President Trump warns high gas prices may persist.