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

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President Donald Trump said connected Sunday (April 12, 2026) the U.S. Navy would commencement blockading the Strait of Hormuz, raising the stakes aft marathon talks with ‌Iran failed to scope a woody to extremity the war

Published - April 13, 2026 06:35 americium IST - SINGAPORE

Brent crude futures roseate $7.60, oregon 7.98%, to $102.80 a tube by 2310 GMT aft settling 0.75% little connected ‌April 10, 2026. | Photo Credit: Reuters

Oil prices jumped supra $100 a tube ‌on Monday (April 13, 2026) arsenic the U.S. Navy prepared a blockade of the Strait of Hormuz that could restrict Iranian lipid shipments aft the ⁠U.S. and Iran failed to scope a woody to extremity the war.

Brent crude futures roseate $7.60, oregon 7.98%, to $102.80 a tube by 2310 GMT aft settling 0.75% little connected ‌Friday (April 10, 2026).

Published - April 13, 2026 06:35 americium IST

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