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.
NEW YORK, 13th April, 2026 (WAM) -- Oil prices rose in early market trading Sunday after the US said it would blockade Iranian ports beginning Monday. The price of US crude oil rose 8% to $104. 24 a barrel, and Brent crude oil, the international standard, rose 7% to $102.
Asian markets fall as oil surges past $100 after talks collapse Asian markets opened lower and oil prices surged past $100 a barrel after US-Iran talks failed and Washington ordered a naval blockade of Iranian ports. Japan’s Nikkei 225 fell 0. 84 percent and the Topix slipped 0.
Australia’s Albanese says US has not requested help with blockade Australia’s prime minister, Anthony Albanese, said Canberra has not received any request from the United States to support a naval blockade of the Strait of Hormuz, describing the move as a unilateral decision by Washington. “We’ve received no requests… we haven’t been asked to participate,” Albanese said, adding Australia does not expect to deploy ships and wants negotiations between Washington and Tehran to continue. He urged a return to diplomacy, warning that the conflict is causing loss of life, damaging infrastructure and weighing heavily on the global economy.
Conflicting US statements cloud blockade details as Centcom differs with Trump Conflicting accounts have emerged over a US naval blockade of the Strait of Hormuz announced after peace talks with Iran failed, raising questions about its scope and legality. President Donald Trump said the blockade would target “any and all ships” entering or leaving the strait, but US Central Command (Centcom) said it would apply only to vessels going to or from Iranian ports. Centcom said other international vessels would retain freedom of navigation, a position that differs from Trump’s earlier warning that ships paying tolls to Iran could be interdicted.
Washington, DC [US], April 13 (ANI): In a significant escalation of regional tensions, the United States military has announced that it will enforce a maritime blockade on Iran beginning April 13, acting on directives issued by US President Donald Trump.
Oil tops $100 after US-Iran talks collapse Oil prices have surged past $100 a barrel following the breakdown of negotiations between the United States and Iran. According to Reuters, Brent crude futures climbed to $102. 60 a barrel, while US crude reached a session high of $105.
Oil prices surged as markets reopened on Sunday following news that U. S. peace talks with Iran had ended without a deal.
US to enforce maritime blockade on Iranian ports from April 13 The US military’s Central Command (Centcom) says it will begin enforcing a sweeping maritime blockade targeting Iranian ports from 13 April. In a statement, Centcom said the operation will start at 10am EST (1500 GMT) “in accordance with the President’s proclamation”, marking a major escalation in pressure on Tehran. The move follows comments by US President Donald Trump, who said Washington would impose a blockade after talks with Iranian negotiators in Islamabad failed to yield results.
The escalation follows marathon talks in Pakistan that ended without a deal The US naval blockade of Iranian ports has come into force, heightening fears over security and trade routes in the region and adding to market jitters after USIran talks in Pakistan on Saturday ended without a deal.
The escalation follows marathon talks in Pakistan that ended without a deal The US naval blockade of Iranian ports has come into force, heightening fears over security and trade routes in the region and adding to market jitters after USIran talks in Pakistan on Saturday ended without a deal.
US threatens to ‘vigorously prosecute’ Iran oil sanctions breaches A senior US justice official says Washington will take a hard line against those trading in sanctioned Iranian oil. Acting Deputy Attorney General Todd Blanche said in a post on X that authorities will “vigorously prosecute” anyone involved in buying or selling Iranian crude under sanctions. He added that the Department of Justice “fully supports” US President Donald Trump and the military.
Trump threatens China with 'staggering' tariffs if it helps Iran US President Donald Trump has threatened China with "staggering" new tariffs if the country provides military assistance to Iran. "If we catch them doing that, they get a 50 percent tariff, which is a staggering - that's a staggering amount," the president said in an interview with Fox News. Trump said: "We’re not going to let Iran make money on selling oil to people that they like.
New Delhi [India], April 12 (ANI): Indian stock markets are likely to witness volatility when trading resumes on Monday, with analysts noting that investor sentiment could hinge on the disappointing negotiations between the US and Iran, which concluded on Sunday without reaching an agreement to end the war.
Tehran [Iran], April 12 (ANI): Amidst the stalling of high-level peace talks between Tehran and Washington, Iran continues to endure severe digital isolation as the nationwide internet blackout reached its 44th day on Sunday. According to data provided by internet watchdog NetBlocks, the ongoing disruption has now surpassed all previous global benchmarks for connectivity interference.
Why a cease-fire in Iran won’t bring gasoline prices down.
New Delhi [India], April 12 (ANI): The collapse of high-stakes 'Islamabad Talks' between the United States and Iran has sent shockwaves through the international community, with experts warning that the world is now standing at the edge of a global economic catastrophe.
Washington DC [US], April 12 (ANI): US President Donald Trump has shared an article suggesting that the option of enforcing a naval blockade was available in context of Iran as peace talks ended in a stalemate in Islamabad after differences of opinion arose between the two parties on the Strait of Hormuz and Iran's nuclear capacities. The US President shared the article in a post on Truth Social on Sunday.
LOS ANGELES/MONTREAL: Global supply chains are being reshaped as companies search for alternative shipping routes to bypass disruptions in the Middle East, with soaring air freight costs and congested sea lanes forcing firms to rethink how goods move between Asia and Europe.
Washington, DC [US], April 12 (ANI): The Trump administration has revoked the permanent residency status of additional long-term Iranian residents in the United States who have familial ties to high-ranking current or former officials in Tehran. The State Department confirmed it has initiated action against Seyed Eissa Hashemi, a psychology educator based in the Los Angeles area, along with his wife and son.
