Oil jumps 8% to above $100 ahead of U.S. blockade on Strait of Hormuz

President Donald Trump said on Sunday (April 12, 2026) the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with ‌Iran failed to reach a deal to end the war

Kartavya News

Apr 13, 2026 - 18:30

Oil jumps 8% to above $100 ahead of U.S. blockade on Strait of Hormuz

President Donald Trump said on Sunday (April 12, 2026) the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with ‌Iran failed to reach a deal to end the war

Oil jumps 8% to above $100 ahead of U.S. blockade on Strait of Hormuz

President Donald Trump said on Sunday (April 12, 2026) the U.S. Navy would start blockading the Strait of Hormuz, ​raising the stakes after marathon talks with ‌Iran failed to reach a deal to end the war

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President Donald Trump said on Sunday (April 12, 2026) the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with ‌Iran failed to reach a deal to end the war