Economic impacts and financial reports
The Foundation for Defense of Democracies announced that a naval blockade of the Strait of Hormuz could cause approximately $435 million in daily economic losses for Iran, potentially inflicting significant damage on the country's economy.
Benjamin Netanyahu, the Prime Minister of Israel, expressed support for former U.S. President Donald Trump's stance on imposing a naval blockade on Iran, stating that the primary issue is the elimination of Iran's enriched materials and halting further enrichment. Netanyahu also noted that the ongoing conflict includes recent actions focused on Bent Jbeil in Lebanon.
On April 12, 2026, Donald Trump and his advisors considered resuming limited military strikes and imposing a blockade on the Strait of Hormuz against the Islamic Republic to break the deadlock in peace talks that collapsed in Pakistan. Officials also mentioned the possibility of a full bombing campaign, though it was deemed less likely due to regional instability concerns.
Tehran-Washington talks in Islamabad ended without reaching a resolution, with disputes persisting over the nuclear program, the Strait of Hormuz, and uranium reserves. President Trump reiterated that the Islamic Republic will not be allowed to acquire nuclear weapons.
President Trump posted on TRUTH Social that control of the Strait of Hormuz will no longer be in the hands of the Islamic Republic regime, aiming to demonstrate U.S. dominance as tensions escalate over the strategic waterway. Analysts suggest this move targets Tehran's final pressure lever following battlefield defeats, signaling intensified economic pressure and potential dire consequences for the regime.
A U.S. Air Force KC-135R Stratotanker damaged in an Iranian ballistic missile strike on Prince Sultan Air Base in Saudi Arabia has arrived at RAF Mildenhall for repairs, joining two other KC-135Rs, one KC-46A Pegasus, and one E-3G Sentry that were lost during the attack.
Mohammad Taghi Naghdal Ali, a representative of Khomeyni Shahr in the Iranian parliament, stated that the only material gain from the war is control over the Strait of Hormuz, emphasizing that neither the negotiating team nor the parliament will concede on this issue.
Mohammad Taghi Naghdalali, the representative of Khomeyni Shahr, stated that the strategic importance of the Strait of Hormuz surpasses that of an atomic bomb, emphasizing its continuous global economic impact during a discussion on the failed Islamabad negotiations. He warned that the lack of agreement could lead to continued conflict or maintaining international tension.
Mohammad Mashinchi examines Iran's economy during the ceasefire on Iran International's YouTube channel, focusing on the country's budget deficit and high inflation levels prior to the onset of the war.
Qatar has released videos showing Iran’s ballistic missile strikes on the Ras Laffan LNG and GTL production sites, which occurred nearly three weeks ago and caused significant damage requiring months to repair, impacting global LNG and helium markets.
On Saturday, Mahmoud Nabavian, a member of parliament, stated regarding the Strait of Hormuz: "The political and economic leaders of the world should know that the Strait of Hormuz will not be opened through myth-making and Hollywood theatrics." He also hinted at a "new management" for the strait on the social network X without providing further details.
At the ninth Indian Ocean Conference in Mauritius, the UAE Minister of State stated that confronting the Islamic Republic of Iran is now a collective necessity due to its threats to navigation in the Strait of Hormuz, which endanger global economic stability. The minister also emphasized that Iran's use of maritime routes for economic pressure constitutes economic warfare and piracy, necessitating full accountability for any disruptions in the Strait of Hormuz.
