Oil price tops $100 a barrel after US-Iran talks fail and Trump orders strait of Hormuz blockade

The Guardian The Guardian —

US Navy to impose blockade today in bid to choke off flow of Iranian oil

Oil prices have jumped back above $100 a barrel after weekend talks between the US and Iran ended without an agreement and https://www.theguardian.com/world/2026/apr/12/trump-says-us-will-blockade-strait-of-hormuz-as-iran-peace-talks-fail">Donald Trump imposed a blockade of the strait of Hormuz.

The US president announced the https://www.theguardian.com/world/2026/apr/13/strait-of-hormuz-blockade-what-why-explained-navy-trump-iran">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.

https://www.theguardian.com/business/2026/apr/13/oil-price-tops-100-dollars-barrel-us-blockade-strait-of-hormuz">Continue reading...

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