
Iranian Parliament Speaker Mohammad Bagher Ghalibaf on Monday (Iranian time) mocked US President Donald Trump after he threatened to block the Strait of Hormuz, hours after it was reported that US-Iran peace talks held in Islamabad, Pakistan, failed after 21 hours.
Ghalibaf reminded Washington about the rising oil prices. In a post on X, he shared an image depicting the current oil prices near the White House, warning Americans that they 'will miss them' soon. He wrote, "Enjoy the current pump figures. With the so-called 'blockade', soon you'll be nostalgic for $4–$5 gas."
Along with his post, Ghalibaf also shared an equation, "ΔO_BSOH>0 ⇒ f(f(O))>f(O)" to make his point.
Soon after Ghalibaf posted the formula, X users began decoding its meaning. Simply put, the formula explained that if the Strait of Hormuz is blocked, oil or gas prices won't just undergo a linear price hike; instead, they will enter an explosive, uncontrollable, compounding spiral. This would make the prospect of five-dollar-a-gallon gas seem cheap by comparison.
According to Ghalibaf's formula, O represents oil prices, and BSOH represents the Strait of Hormuz blockade.
The first part of his equation means that as the blockade intensifies, oil prices increase.
The second part shows that the effect doesn’t stop at the initial rise; it continues to amplify over time. An initial price increase is followed by an even larger one, driven by panic, supply disruptions, rising shipping costs, and broader market reactions.
In a Truth Social post today, Trump wrote, "The United States to Blockade Ships Entering or Exiting Iranian Ports on April 13 at 10:00 AM ET. sic" This would mean the blockade would start at 5:30 pm in Iran and around 7:30 pm (IST).
According to The Guardian, the blocking of the Strait of Hormuz was an attempt by Tehran to seize control of the strategic waterway in the aftermath of the failed peace talks between the two countries over the weekend.
Additionally, he also threatened to bomb the Islamic Republic's water treatment facilities, power plants, and bridges if it did not agree to abandon its nuclear weapons programme, the key sticking point between the two sides.
The US President also noted that US warships would "seek and interdict every vessel" that had paid Tehran since the beginning of the conflict, adding that it is beginning the de-mining of the central section of the strait. This was previously declared a "hazardous area" by the Islamic Republic; however, it is unclear how many mines have been laid.
Announcing the blockade on its X account, the US Central Command said the blockade will be "enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman."
It further said, "Additional information will be provided to commercial mariners through a formal notice prior to the start of the blockade. All mariners are advised to monitor Notice to Mariners broadcasts and contact US naval forces on bridge-to-bridge channel 16 when operating in the Gulf of Oman and Strait of Hormuz approaches."
Responding to the warning issued by the US President, Tehran's Islamic Revolutionary Guard Corps (IRGC) noted that if any warships approached the strait to implement a blockade, which is usually considered an act of war, it would be considered a breach of the current ceasefire and would be dealt with strongly. IRGC also insisted that the Strait of Hormuz remained under Iranian control.
The developments come a day after the US and Iran failed to reach a deal following meetings between the delegations in Islamabad, Pakistan, on 10 April. Media reports suggested that both sides blamed each other for failing to reach a deal during the two-week ceasefire, which ends on 21 April. While the US said that Tehran did not accept Washington's terms and did not agree to relinquish control over the Strait of Hormuz and its nuclear program, the Islamic Republic noted that the US delegation was unable to gain its trust, given the experience of the previous two wars.
Swati Gandhi is a digital journalist with over four years of experience, specialising in international and geopolitical issues. Her work focuses on foreign policy, global power shifts, and the political and economic forces shaping international relations, with a particular emphasis on how global developments affect India. She approaches journalism with a strong belief in context-driven reporting, aiming to break down complex global events into clear, accessible narratives for a wide readership.<br><br> Previously, Swati has worked at Business Standard, where she covered a range of beats including national affairs, politics, and business. This diverse newsroom experience helped her build a strong grounding in reporting, while also strengthening her ability to work across both breaking news and in-depth explanatory stories. Covering multiple beats early in her career has helped her be informed about her current work, allowing her to connect domestic developments with wider international trends.<br><br> At Live Mint, she focuses on international and geopolitical issues through a business and economic lens, examining how global political developments, foreign policy decisions, and power shifts impact markets, industries, and India’s strategic and economic interests.<br><br> She holds a Bachelor’s degree in English (Honours) from the University of Delhi and a Master’s degree in Journalism and Mass Communication from Guru Gobind Singh Indraprastha University. Her academic training has shaped her emphasis on precision, analytical rigour, and clarity in writing. Her interests include global political economy and the intersection of geopolitics with business.<br><br> Outside work, Swati focuses on exploring her passion and love for food. From fancy cafes to street spots, Swati explores food like a true foodie.
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