Oil jumps 8% to above $100 ahead of US blockade on Strait of Hormuz
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Source: The Korea Herald
Published: 2026-04-13 09:22 UTC+10:00
Section: All News
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, World News, War & Conflict
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Snippet:
Oil prices jumped above $100 a barrel on Monday as the US Navy prepared a blockade of the Strait of Hormuz that could restrict Iranian oil shipments after the US and Iran failed to reach a deal to end the war.
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