What did Trump announce regarding the US blockade of Iranian ports and the conditions for lifting it?

Trump announced that the US would maintain its blockade of Iranian ports 'until a “Final Deal” is reached' and stated that both Israel and Iran are 'looking to do an immediate CEASEFIRE!' while emphasizing that final negotiations on 'Peace' are proceeding, 'subject to ignorance or stupidity getting in its way.'

How did financial markets react to Trump's statement about the Iran-Israel ceasefire and blockade?

Brent oil futures rose as much as 5.4% to $98.08 a barrel Monday, then eased slightly after Trump's post to trade 3.6% higher at $96.44 at 6:51 a.m. in Washington, reflecting market sensitivity to the escalation and his remarks amid disrupted global energy flows and concerns about inflation.

Trump Maintains Iran Blockade, Demands Ceasefire

Jun 8, 2026

President Trump declared the US blockade of Iranian ports will persist until a peace deal is reached, urging an immediate end to hostilities between Israel and Iran. Following the announcement, Brent oil futures surged over 5% due to concerns over disrupted global energy flows.

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