Oil prices surge more than USD 100 per barrel as Trump announces naval blockade of Strait of Hormuz

Iran Herald · April 13, 2026 Sanctions

New Delhi [India], April 13 (ANI): Oil prices rose sharply on Monday morning after United States President Donald Trump announced a naval blockade of the Strait of Hormuz. Brent Crude prices jumped by 6. 81 per cent to reach USD 101.