Oil prices skyrocket past $100 after US announces Strait of Hormuz blockade

Times Of India — Apr 13, 02:02 AM

Oil prices surged past $100 per barrel as President Trump announced a US Navy blockade of Iranian ports starting Monday.

This escalation follows failed peace talks and aims to halt up to 2 million barrels of Iranian oil daily through the Strait of Hormuz, impacting global energy flows.

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