"A US blockade would have a cascading impact across the global economy. Anything that currently takes more oil off the market will push prices up, which in turn will push gas prices further."
"Oil could rise above $150 a barrel if the blockade were to trigger retaliation from the Iran-aligned Houthis in Yemen, who could shut down Bab al-Mandeb, a strait that connects the Red Sea to the Gulf of Aden and Indian Ocean."
"The blockade aimed at depriving Iran of revenues would mark a sudden reversal in policy by Washington, which had recently announced it would waive some sanctions on Iranian oil exports to help ease the global energy crunch."
The planned US naval blockade of Iran aims to prevent the country from profiting from oil exports, but analysts warn it could disrupt international shipping and worsen the global energy crisis. Oil prices surged above $100 a barrel following the announcement. The US military stated the blockade would only affect ships at Iranian ports, but experts believe it could lead to higher oil prices and potential retaliation from Iran-aligned groups. This blockade represents a significant policy shift from the recent easing of sanctions on Iranian oil exports.
Read at www.aljazeera.com
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