Oil prices jump on US plans to blockade Iranian ports in Strait of Hormuz

Oil prices climbed Monday, after the US military said it would implement a shipping blockade in the Strait of Hormuz — a move that could test the current ceasefire while further tightening global oil supply.

Apr 13, 2026 - 13:00
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Oil prices jump on US plans to blockade Iranian ports in Strait of Hormuz
Oil prices climbed Monday, after the US military said it would implement a shipping blockade in the Strait of Hormuz — a move that could test the current ceasefire while further tightening global oil supply.

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