12th Apr 2026 21:43
(Sharecast News) - Donald Trump said on Sunday that the US will blockade the Strait of Hormuz, after talks with Iran failed to yield a peace deal.
In a post on Truth Social, the US president said America will blockade any and all ships trying to enter or exit the vital shipping route.
"So, there you have it, the meeting went well, most points were agreed to, but the only point that really mattered, NUCLEAR, was not," Trump said.
"Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz. At some point, we will reach an 'ALL BEING ALLOWED TO GO IN, ALL BEING ALLOWED TO GO OUT basis, but Iran has not allowed that to happen by merely saying, 'There may be a mine out there somewhere,; that nobody knows about but them."
Trump said the blockade will begin shortly and that other countries will be involved.
"Iran will not be allowed to profit off this Illegal Act of EXTORTION," he said. "They want money and, more importantly, they want Nuclear. Additionally and, at an appropriate moment, we are fully 'LOCKED AND LOADED,' and our Military will finish up the little that is left of Iran!"
The post came after 21 hours of negotiations between the US and Iran ended without a peace deal.
Kathleen Brooks, research director at XTB, said: "At this stage, the ceasefire is in limbo, however, Iran has responded to President Trump's blockade threat by saying that any approach by US military vessels towards the Strait of Hormuz would be treated as a violation of the ceasefire agreement and would be met with force.
"The prospect of a resumption of fighting between the two sides could jolt financial markets at the start of the new week and push up oil prices even though Saudi Arabia said that it had restored output at one of its major pipelines hit by drone strikes last month. We expect that markets will ignore this news and focus on the blockade of the Strait of Hormuz, which could lift demand for the few safe havens that are out there, including energy and oil stocks, and defense firms."