Oil price rises back over $100 a barrel after Trump announces naval blockade of strait of Hormuz – business live

The Guardian — Apr 13, 06:14 AM

Rolling coverage of the latest economic and financial news

The US blockade of the strait of Hormuz is a blow to the 20,000 seafarers who have been trapped in the Gulf for the last six weeks.

One told us last week:

“I gave my notice exactly one month ago.

I’ve informed the master, I’m not willing to sail through the strait.

It’s about safety, it’s all about safety.”