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Energy prices in the United States have continued to surge, even after President Donald Trump's administration issued a 60-day waiver of the Jones Act, a maritime law that restricts foreign-flagged vessels from transporting goods between US ports.The waiver, which came into effect on March 18, was intended to alleviate pressure on energy supplies by allowing more foreign vessels to transport goods domestically. However, experts say the impact on oil prices has been negligible, with oil prices rising 4 percent on the day amid a US blockade of Iranian ports.“It is estimated that it’s going to be about 3 cents on the East Coast and it might go up on the Gulf Coast, but these changes are so small that they’re overshadowed by the spikes in oil prices, and the oil prices keep going up,” said Usha Haley, a professor of management at Wichita State University.The Containerized Freight Index, a benchmark for shipping container costs, has jumped more than 10 percent over the last month and is up more than 35 percent from this time last year. The average price of gas in the US has also increased to $4.125 per gallon, up from $3.63 at this time last month.Despite the waiver, shippers have adapted their routes, with more than 34,000 ships diverting from the Strait of Hormuz over the past month. Major vessel insurers have also cancelled war risk coverage for ships travelling through the waterway, dissuading ship owners from going through the Gulf.Experts predict that fuel prices will only normalise once traffic through the strait returns to pre-war levels. The ongoing conflict and disruptions to transit through the Strait of Hormuz have contributed to the sustained high energy prices.

The United States has imposed a naval blockade on Iranian ports, escalating tensions between the two countries. The blockade, announced by President Donald Trump, aims to restrict Iran's access to international trade and oil exports.Iran's Ministry of Foreign Affairs spokesperson, Esmaeil Baghaei, criticized the move, stating that it would only harm the international economy. "Can an illegal 'war of choice' be won through a 'revenge of choice' against the global economy?!" he posted on social media.Trump warned Iranian military ships against approaching the blockade zone, stating that they would be "immediately ELIMINATED" if they came close. The blockade, which came into effect on Monday, risks setting the stage for a major escalation that could fray a two-week ceasefire between the two countries.The United Kingdom Maritime Trade Operations (UKMTO) centre announced that the US blockade would apply "without distinction" to ships engaging with Iranian ports and oil terminals. The restrictions encompass the entirety of the Iranian coastline, including the ports and energy infrastructure.Iranian officials have accused the US of violating the truce by allowing Israel to continue to bomb and conduct a ground invasion in Lebanon. Pakistan, which mediated the ceasefire, had said all regional fronts – including Lebanon – were part of the deal.While Trump's move to blockade Iran's ports could hamper the already ailing Iranian economy, it is unlikely to loosen the Iranian grip on Hormuz or bring down energy prices. The average price of one gallon of petrol in the US is now more than $4.12, up from less than $3 before the war began.Iran has promised to defend its territorial waters, saying the naval siege amounts to "piracy". The Islamic Revolutionary Guard Corps (IRG) also warned that if fighting were to resume, Iran would introduce new capabilities to the battlefield.

The Iranian military has strongly condemned the US plan to blockade its ports, calling it an act of piracy. The blockade, set to begin on Monday at 14:00 GMT, would restrict all vessels entering or departing Iranian ports. The Iranian army has warned that if its ports are threatened, no port in the Persian Gulf and Arabian Sea would be safe.The US Central Command has stated that the blockade would be enforced impartially against vessels of all nations entering or departing Iranian ports. However, the military would not impede vessels transiting the Strait of Hormuz to and from non-Iranian ports. The Strait of Hormuz is a critical route for global oil and gas shipments.Oil prices surged almost 8 percent on Monday, with both key WTI and Brent contracts topping $100 a barrel. The increase comes amid concerns over the potential impact of the blockade on global energy supplies.The move has been criticized by China, which urged Iran and the US not to reignite the war. Spain's Defence Minister Margarita Robles said the planned naval blockade 'makes no sense', while UK Prime Minister Keir Starmer stated that Britain would not join the US blockade.

British Prime Minister Keir Starmer declared that the United Kingdom will not participate in the United States’ proposed blockade of the Strait of Hormuz, distancing London from President Donald Trump’s latest escalation against Iran.Speaking on BBC Radio, Starmer said, "We are not supporting the blockade," and added that the UK will not be "dragged into the US‑Israel war on Iran."The Strait of Hormuz is a strategic chokepoint through which about 20 % of the world’s oil supplies transit in peacetime. Starmer stressed that reopening the waterway is vital for global energy security and that the UK’s diplomatic efforts over recent weeks have focused on that goal.Meanwhile, the US Central Command announced it would block all maritime traffic entering or leaving Iranian ports from 14:00 GMT, though it provided few details on how the blockade would be enforced. The statement claimed the action would be applied impartially to vessels of all nations, yet it also noted that ships bound for non‑Iranian ports would not be impeded.President Trump, in a lengthy social‑media post, framed the operation as a mission to clear mines and prevent Iran from profiting from control of the strait.In a parallel diplomatic move, French President Emmanuel Macron said France and the United Kingdom will convene a conference in the coming days aimed at restoring freedom of navigation, reaffirming that “no diplomatic effort will be spared” to end the US‑Israel conflict over Iran.Nicole Grajewski, an assistant professor at Sciences Po, warned that the US blockade constitutes “more than a minor coercive signal” and effectively marks a resumption of hostilities.Other allies echoed criticism: Spanish Defence Minister Margarita Robles called the plan “makes no sense,” Turkish Foreign Minister Hakan Fidan urged “negotiations with Iran and the swift reopening of the strait,” and Chinese Foreign Ministry spokesman Guo Jiakun emphasized that the strait’s security is “in the common interest of the international community.”Starmer’s stance reflects a careful balancing act—maintaining NATO solidarity while refusing to endorse direct military pressure on Iran—highlighting the complex geopolitics surrounding one of the world’s most crucial maritime corridors.

The ongoing US-Israel war on Iran has taken a critical turn with Donald Trump's announcement that the US Navy would start blockading the Strait of Hormuz. This strategic waterway is crucial for global oil shipments, and any disruption could have significant economic impacts. In response, Iran's Revolutionary Guard warned that approaching military vessels to the strait would be considered a violation of the ceasefire. This development has led to a surge in oil prices, with US crude oil rising 8% to $104.24 a barrel and Brent crude oil increasing 7% to $102.29. The blockade, set to begin on Monday morning, will be implemented by US Central Command (Centcom) and will affect all maritime traffic entering and exiting Iranian ports. This move is part of a broader strategy that may include resuming limited military strikes in Iran, according to reports. The situation has drawn international attention, with Australian Prime Minister Anthony Albanese stating that his government has not been asked to participate in the blockade and is keen on continuing negotiations between the US and Iran. Meanwhile, Iranian parliamentary speaker Mohammad Bagher Ghalibaf dismissed Trump's threats, asserting that they would have no effect on the Iranian nation.

In a powerful display of dissent, hundreds of women took to the streets of Havana, Cuba's capital, to protest the de facto oil blockade imposed by the United States. The demonstration, which took place on what would have been the 96th birthday of Vilma Espin, a leader in the Cuban Revolution, saw protesters carrying banners and signs with the slogan 'Tumba el bloqueo' or 'Tear down the blockade'. The protesters are demanding an end to the US campaign that they say has caused widespread suffering and economic hardship.The protest was led by top officials in Cuba's communist government, including Deputy Prime Minister Ines Maria Chapman and Deputy Foreign Minister Josefina Vidal. Vidal denounced the US campaign as a form of collective punishment, stating that 'This policy of abuse has to stop. The Cuban people don't deserve this. It's the most comprehensive, all-encompassing, and longest-running system of coercive measures ever imposed against an entire country.'The US blockade has had a significant impact on Cuba's energy supply, with the country suffering at least two island-wide blackouts in the last month. The blockade has also led to food spoilage, water pumps ceasing to function, and medical patients going untreated. Russia has announced plans to send a second oil tanker to Cuba in defiance of the US blockade.The protest comes as the US and Cuba are in negotiations to lift the recent oil blockade. Deputy Foreign Minister Vidal stated that the talks are in a 'very preliminary' phase. The US blockade has been in place since the 1960s, but the current 'maximum pressure' campaign began under US President Donald Trump in his first term as president.

Russia has announced plans to send a second oil shipment to Cuba as the Caribbean nation continues to face significant challenges due to a crippling US blockade. The announcement was made by Russian Energy Minister Sergei Tsivilev, who stated that the cargo is currently being loaded and will soon be transported to Cuba. The development comes on the heels of a Russian tanker docking in Cuba's Matanzas oil terminal earlier this week, delivering approximately 700,000 barrels of crude oil. This shipment marked the first significant oil delivery to Cuba in nearly three months, and it was made possible by a waiver granted by the US administration for humanitarian reasons. Cuba has been facing weeks of blackouts, fuel rationing, and food shortages due to the US blockade, which was imposed by the Trump administration. The blockade has been described by Cuban officials as 'cruel' and has had a severe impact on the nation's economy and daily life. In response to the crisis, hundreds of people gathered in Havana to protest the US embargo, chanting slogans such as 'Yes to Cuba! No to the blockade!' The protests reflect the growing frustration among Cubans regarding the economic hardships caused by the blockade. Russian Deputy Prime Minister Oscar Perez-Oliva has stated that Havana and Moscow are working to achieve stability in fuel supplies and are making progress in talks aimed at increasing Russian companies' participation in oil exploration and production in Cuba. US President Donald Trump has commented on the issue, stating that he has 'no problem' with Russia sending oil to Cuba, while also expressing his views on Cuba's political situation.

A humanitarian aid flotilla, dubbed the 'Nuestra America' or 'Our America' convoy, has arrived in Cuba to alleviate the island nation's struggles amid a severe US energy blockade. The first vessel, carrying approximately 30 people, along with essential supplies such as food, medicine, solar panels, and bicycles, docked in Havana, the capital city.The convoy set out from Mexico last week and is part of a broader effort to support Cuba, which has been facing widespread blackouts and an economic crisis due to the US embargo that has been in place for decades. The energy restrictions have significantly impacted Cuba, cutting off vital economic lifelines and contributing to the current crises.US President Donald Trump's administration has been vocal about its desire for regime change in Cuba, using energy restrictions as a tool to further degrade the Cuban economy. The US blockade has resulted in a nearly total ban on petroleum imports over the last three months, exacerbating the island's energy woes.Cuba's Deputy Minister of Energy and Mines, Argelio Abad Vigo, stated that the island, which produces only about 40 percent of the fuel it needs, has gone for three months without access to vital supplies of diesel, fuel oil, petrol, jet fuel, and liquefied petroleum gas. A February YouGov poll found that 46 percent of people in the US disapprove of the energy blockade, while 28 percent support it.The humanitarian aid effort, though described as 'a drop in an ocean of need,' represents a gesture of solidarity with the Cuban people. The convoy's arrival and the participation of over 650 participants from 33 countries who arrived on the island last weekend, demonstrate international support for Cuba during this challenging time.