Image: U.S. News & World Report

Trump Orders U.S. Naval Blockade of Strait of Hormuz, Oil Surges Above $100

13 April, 2026.Finance.7 sources

Key Takeaways

U.S. Navy to blockade Iranian ports and Strait of Hormuz.
Oil rises above $100, trading near $104.
Dow futures fall sharply; Asia-Pacific markets join the slide.

Markets React to Hormuz Blockade

Global financial markets plunged after Trump announced a U.S. naval blockade of the Strait of Hormuz.

Dow futures dropped more than 450 points, with the S&P 500 and Nasdaq also falling.

Benzinga

Oil prices surged above $100 per barrel, with Brent crude crossing $102 and WTI topping $104.

Trump declared on Truth Social that the U.S. Navy will begin blockading any ships trying to enter or leave the Strait of Hormuz.

CENTCOM confirmed the blockade would be enforced impartially against vessels of all nations.

Oil Surge and Economic Impact

The blockade sent oil prices soaring, with Brent crude rising more than 7%.

The Strait of Hormuz handles roughly one-fifth of global oil flows.

CNBC

The U.S. consumer price index for March showed inflation rose by 0.9%.

Gasoline prices at the pump rose to a national average of $4.15 a gallon.

The energy index surged 10.9% in March, its largest monthly gain since 2005.

Goldman Sachs Earnings and Market Dynamics

Goldman Sachs reported a second quarterly record in a row, with net revenues of $17.23 billion.

“Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research”