Trump to maintain Iran naval blockade until nuclear deal, Axios reports

President Donald Trump said the U.S. will maintain a naval blockade on Iran until it agrees to a nuclear deal addressing American concerns, rejecting Iran’s proposal to first reopen the Strait of Hormuz and delay negotiations, Barak Ravid of Axios reports. Trump’s stance reflects a hardline approach that prioritizes immediate concessions over phased de-escalation. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).