Iran may opt to abide by US blockade in hopes of a deal, experts say

Iran may opt to abide by US blockade in hopes of a deal, experts say Submitted by Sean Mathews on Tue, 04/14/2026 - 19:47 If Iran concedes to the US blockade of its oil exports, it could signal that Tehran sees a bigger ceasefire deal is at hand Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah in the UAE amid the US-Israeli war on Iran, on 11 March 2026 (Reuters) Off The US blockade on Iran is a “short-term tool” that could be tested by China and ultimately backfire on the US if energy markets lose their cautious faith in the Trump administration’s willingness to strike a peace deal with Iran. Cutting off Iranian oil shipments should, in theory, lead to a spike in energy prices because Iran was the last country to send oil through the Strait of Hormuz, with exports reaching as high as 1. 5 million barrels per day.