BREAKING: President Trump has instructed his aides to prepare for an "extended blockade" of Iran to "compel nuclear capitulation," per WSJ.

Details include:

1. Trump has opted to continue "squeezing Iran's economy and oil exports" through a prolonged blockade of the Strait of Hormuz

2. Trump believes resuming bombing or walking away from the conflict pose a higher risk than maintaining the blockade

3. Continuing the blockade is expected to drive US gas prices even higher

4. The US blockade of the Strait of Hormuz has resulted in the lowest number of transits through the Strait since the Iran War began

Today marks two months of the Iran War.
(@TheKobeissiLetter)