Oil Jumps 8% to Above $100 Ahead of US Blockade on Strait of Hormuz

Summary Iran peace talks yield no agreement Trump vows to blockade Strait of Hormuz Military vessels approaching strait to be viewed as ceasefire breach – Iran’s Guards SINGAPORE, April 13 (Reuters) – Oil prices jumped above $100 a barrel ​on Monday as the U.S. Navy prepared a blockade of the Strait of Hormuz that could … Read more