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Oil spikes as Trump weighs Iran blockade, Putin warns of fallout

Last updated: April 30, 2026 | 07:44

US-Israel-Iran war

This US Navy handout photograph released on April 17, 2026, by US Central Command Public Affairs shows USS Abraham Lincoln (L) conducting blockade operations in the Arabian Sea on April 16, 2026. AFP--

Donald Trump escalated pressure on Germany over its stance on Iran, while Vladimir Putin urged restraint in talks with Washington. As the US weighs a prolonged Iranian port blockade, conflict costs near $25 billion and oil prices have surged on fears of wider regional disruption.…