Trump Meets With Oil Executives

U.S. oil companies on April 29, 2026, according to a White House official.

The meeting focused on steps to stabilize global oil markets and sustain the blockade while minimizing effects on American consumers. Trump urged Tehran to 'get smart soon' and sign a deal in a Truth Social post on the same day. He stated that Tehran 'couldn't get its act together' and added, 'They don't know how to sign a nonnuclear deal.

The post included a mock-up image of Trump in dark glasses wielding a machine gun, captioned 'No more Mr. U.S. has implemented a naval blockade to restrict Iran's oil exports, aiming to force Iran to reopen the Strait of Hormuz to international shipping.

Iran has pledged to continue disrupting traffic through the strait as long as it faces threats. U.S. blockading of Iran-linked vessels on April 29, 2026.

Oil prices rose more than 6% on April 29, 2026, with the Brent contract reaching a one-month high. U.S. $25 billion so far, as stated by a senior Pentagon official on that date. U.S.

Dollar on April 29, 2026, according to the Iranian Students' News Agency. The rial's value has declined nearly 15% in the last two days as of that date. 8%, as reported by Iran's central bank.

Iran's latest offer for resolving the war proposes setting aside discussions of its nuclear program until the conflict ends formally and shipping issues are addressed. The ceasefire agreement has been suspended since April 8, 2026. U.S. officials and a person familiar with the matter, as of April 29, 2026.

Tehran has largely blocked all shipping except its own from the Gulf through the Strait of Hormuz since February 28, 2026.

U.S. and Israel initiated airstrikes on Iran on that date. U.S. began blockading Iranian ships in April 2026. -Israeli strikes. Mojtaba Khamenei was elevated to replace him as Supreme Leader.