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Middle EastIran

As Trump eyes climactic battle for Hormuz, he could give Iran a ‘taste of their own medicine’ with a naval blockade that implodes the economy

Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
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Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
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March 22, 2026, 4:10 PM ET
U.S. Navy Landing Craft Air Cushion's unload equipment onto the beach as Marine Corps V-22 Ospreys and CH-53 Super Stallions fly overhead at Camp Pendleton's Red Beach on October 18, 2025 in Oceanside, California.
U.S. Navy Landing Craft Air Cushion's unload equipment onto the beach as Marine Corps V-22 Ospreys and CH-53 Super Stallions fly overhead at Camp Pendleton's Red Beach on October 18, 2025 in Oceanside, California.Mario Tama/Getty Images
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A potentially decisive showdown to wrest control of the Strait of Hormuz away from Iran is taking shape, with thousands of U.S. Marines headed for the Middle East.

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President Donald Trump upped the ante over the weekend by vowing to destroy Iranian power plants if the strait isn’t reopened by Monday. Iran responded by threatening to target critical infrastructure around the Gulf, including desalination plants that provide most of the region’s fresh water.

Trump previously suggested warships would escort oil tankers through the strait, but they would still enter an Iranian “kill box.” So with both sides showing no signs of backing down, Trump may choose to expand his war from a mostly aerial campaign to a ground offensive.

U.S. troops could be deployed to areas along the strait to clear out threats to ships in the narrow waterway, which has been largely been closed by attacks from the Iran’s Islamic Revolutionary Guard Corps.

Marines could also land on Kharg Island, which sits farther north along the Persian Gulf coast and is the hub for 90% of Iran’s oil exports. U.S. control of the island could be used a leverage to pressure Tehran to fully open the Strait of Hormuz.

But experts have pointed to the risk ground troops would face in holding any territory, given that Iran has inflicted significant damage on U.S. military bases and embassies throughout the region as swarms of projectiles overwhelm air defenses.

For now, the U.S. military is continuing to pound the Hormuz area in anticipation of the next move, whatever it will be. Apache helicopters and the vaunted A-10 Thunderbolt aircraft have been targeting what remains of Iran’s naval capabilities, such as fast attack boats, while bombers have also destroyed stockpiles of anti-ship missiles.

Analysts have raised another possibility that could avoid putting boots on the ground: a naval blockade that prevents Iranian oil from reaching its destination.

The idea is to turn the tables on Iran and subject it to the same shock that closing the strait has delivered to its oil-producing neighbors, who have slashed their output while their crude has nowhere to go.

“The US can implode Iran’s economy by shutting down its oil exports,” Robin Brooks, senior fellow at the Brookings Institution, wrote in a Substack on March 13. “That might open up the Strait of Hormuz a lot faster than anything else. Time to implode Iran’s economy and give the Ayatollahs a taste of their own medicine.”

While he has been skeptical that the U.S. Navy has enough ships to escort all the tankers that typically transit the Strait of Hormuz, he said it has the resources to blockade Iran’s oil exports.

Removing more supply from global oil markets should send prices even higher, but Brooks argued crude might do the opposite if a U.S. blockade is seen ending the war quickly.

China, which buys most of Iran’s oil, would be incentivized to lobby Tehran to reopen the strait, and a blockade of Iran’s exports would deprive the regime of hard currency needed to prop up its war machine, he added.

“An embargo of Iranian oil, if the collapse in Iran’s economy is deep enough, could convince markets that the closure of the Strait might end sooner rather than later. As a result, Brent might only spike briefly or even fall,” Brooks wrote in a later post.

Meanwhile, Iran’s control of the strait is allowing it to ship even more oil than it did before the war started. The IRGC has also created an alternate route for ships that requires other countries to obtain permission to cross the strait, with at least one instance of a shipper paying $2 million.

Richard Haass, the former president of the Council on Foreign Relations and a longtime national security official, made a similar argument for a blockade this past week.

He proposed an “Open for All or Closed to All” policy that he believes has the best chance to resolve the Hormuz crisis. The veteran diplomat also dismissed naval escorts and ground troops as too difficult.

Blockading Iran’s oil exports would require setting up a 200-mile-wide defensive line across the Gulf of Oman, using ships, aircraft, and drones, Haass said.

He added that the policy would deny Iran its main source of revenue and impose domestic pressures to accept a ceasefire—or risk a larger challenge to the regime’s authority. Any increase in oil prices would also be modest as a blockade would remove relatively small amounts of Iranian oil from the global market.

“Under such a policy, the United States and its partners would announce that no tanker from Iran would be permitted to reach its destination in another country until Iran backed off its threats to and attacks on commercial vessels transiting the Strait,” Haass explained in a Substack post. “In other words, Iran cannot pick and choose who gets the region’s oil and who does not.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
Jason Ma
By Jason MaWeekend Editor

Jason Ma is the weekend editor at Fortune, where he covers markets, the economy, finance, and housing.

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