Iran War: Tehran Threatens Gulf Ports and Calls US Blockade Illegal | The Opening Trade 4/13/2026

Oil surged back above $100 a barrel while stocks and bonds fell after President Donald Trump ordered a blockade of the Strait of Hormuz following the weekend’s deadlock in US-Iran peace talks. Traders are bracing for another week of headline-driven volatility, with the flow of oil and gas through the Hormuz strait in focus as Trump’s restrictions on vessels calling at Iranian ports threaten to deepen a global energy shock. Even so, the relatively limited pullback in riskier assets suggested inv...