Iran issues a warning: If Iranian ports are threatened, any port in the region will be unsafe.

ME News Report, April 13 (UTC+8), the Trump administration has imposed a blockade on the Strait of Hormuz to exert maximum pressure on Iran, with Iran responding firmly and threatening to retaliate against all ports in the Gulf. The spot supply in the crude oil market is already tight, with some refineries paying record premiums of up to $50. The U.S. Central Command stated that the blockade will begin at 10 a.m. Eastern Time on Monday, “and will be enforced fairly against all ships traveling to and from Iranian ports and coastal areas, covering all Iranian ports in the Persian Gulf and the Gulf of Oman.” JPMorgan analysts stated in a report: “Reopening the Strait of Hormuz has become the most urgent priority in the market. The last oil tanker to pass through the strait is expected to arrive at its destination around April 20, at which point wartime inventories will be completely exhausted from the global supply chain.” For a long time, Trump has claimed that the rise in U.S. gasoline prices is only temporary. However, he admitted on Fox News’ “Sunday Briefing” that high oil prices could persist until the mid-term elections in November. (Source: ODAILY)