Oil Prices Rise 8% After Trump Announces Blockade of Strait of Hormuz

NAMPA / Sputnik

2026-04-13

MOSCOW, April 13 (RIA Novosti) - Global oil prices jumped 8% after US President Donald Trump announced a blockade of the Strait of Hormuz, with Brent crude exceeding $102 per barrel, according to trading data. As of 22:01 GMT Sunday, June Brent crude futures were trading up 7.76% from the previous close at $102.59 per barrel, while May WTI futures were up 8.2% at $104.51. On Saturday, Iran and the US began talks in Islamabad after Trump announ......

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