US Blockades Iranian Ports in Strait of Hormuz: Oil Prices Spike Higher
By Jamie Redman
The United States Navy began enforcing a blockade of Iranian ports on April 13, 2026, at 10 a.m. ET, targeting Tehran's oil export revenue while allowing global shipping through the Strait of Hormuz to continue. This action has caused oil prices to spike higher. The blockade specifically aims at remaining oil exports without disrupting broader maritime traffic.
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