Oil price soars with Trump’s ‘blockade’

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Oil price soars with Trump's 'blockade'

President Trump has threatened to impose a US blockade on Iranian ports, starting in just a few hours time.

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The decision drove oil prices rising above $100 a barrel again, while all shipping traffic through the Strait of Hormuz is said to have stopped after Trump’s announcement.

Sir Keir Starmer said the UK would not support the blockade, declaring that it was vital to get the Strait "fully open".
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Date: April 13, 2026