Oil price tops $100 a barrel after US-Iran talks fail and Trump orders strait of Hormuz blockade
US Navy to impose blockade today in bid to choke off flow of Iranian oil Explainer: strait of Hormuz blockade Business live – latest updates Oil prices have jumped back above $100 a barrel after weekend talks between the US and Iran ended without an agreement and Donald Trump imposed a blockade of the strait of Hormuz . The US president announced the blockade on Sunday, targeting Iranian vessels and ships that have paid a toll to Iran for passage through the strait, in an attempt to choke off th
US Navy blockade an attempt to choke off flow of Iranian oil, with US president threatening to ‘eliminate’ ships near it
Explainer: strait of Hormuz blockade
Business live – latest updates
Oil prices jumped back above $100 a barrel and global stocks fell after weekend talks between the US and Iran ended without an agreement and Donald Trump imposed a blockade of the strait of Hormuz.
The US president announced the blockade on Sunday, targeting Iranian vessels and ships that have paid a toll to Iran for passage through the strait, in an attempt to choke off the flow of Iranian oil.
Coverage from 4 sources
- Oil price tops $100 a barrel after US-Iran talks fail and Trump orders strait of Hormuz blockadeGuardian - World · Julia Kollewe · Apr 13, 2026, 7:16 AM
- Oil price tops $100 a barrel after peace talks fail and Trump orders blockadeGuardian - World · Julia Kollewe · Apr 13, 2026, 3:04 PM
- Oil prices top $100 a barrel after talks fail and Trump orders Hormuz blockadeGuardian - World · Julia Kollewe · Apr 13, 2026, 3:04 PM
- Oil price dips below $100 a barrel after Trump claims Iran wants dealGuardian - World · Julia Kollewe · Apr 13, 2026, 6:59 PM
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