According to CoinMeta, Iran vows to continue blocking the Strait of Hormuz, while Trump tells Americans to accept higher oil prices. Brent crude oil prices are expected to rise by 6.0% this week, and WTI crude oil is expected to rise by 5.4%. Due to the disruption in transportation through the Strait of Hormuz, the market regards the blockade as a major price driver, rather than just a headline risk. On Friday, there were almost no crude oil tankers passing through the Strait of Hormuz, far below the pre-war average of 130 per day. Trump stated at a political rally in New York that Americans need to accept “slightly higher” oil prices in order to prevent Iran from obtaining nuclear weapons. On Friday, the average price of gasoline in the United States was around $4.08, up 29% from last year.