London, April 13, 2026 (AFP) - Oil surges, stocks drop as Trump threatens to block Hormuz

NAMPA / AFP

2026-04-13

Oil prices surged back above $100 a barrel and stocks mostly fell Monday as a US blockade of Iranian ports went into effect, ratcheting up fears for Middle East energy supplies. The resurgent geopolitical tensions come after ceasefire talks between Washington and Iran broke down over the weekend, dousing hopes for a lasting end to a war that has threatened economies worldwide. Traders say the prospect of widespread inflation from spiking oil pri......

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