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

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

President Donald Trump said on Sunday (April 12, 2026) the U.S. Navy would start blockading the Strait of Hormuz, ​raising the stakes after marathon talks with ‌Iran failed to reach a deal to end the war

Original Source

Read the full article at Thehindu →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.