Oil Surges Past $100 as U.S. Navy Launches Blockade of Iranian Ports
Stock Market News·2026-04-13 10:38

Key TakeawaysWTI crude oil surged past $105 per barrel following the announcement of a U.S. naval blockade on all ships entering or exiting Iranian ports.Indonesia’s Rupiah plummeted to a record low of 17,130 per dollar, reflecting widespread panic in emerging markets as the Strait of Hormuz crisis escalates.Bank of Korea (BOK) governor nominee Shin Hyun-song declared rising inflation from the Middle East war a "top policy priority," signaling potential intervention to support the weakening won.McDonald’s ( ...

Oil Surges Past $100 as U.S. Navy Launches Blockade of Iranian Ports - Reportify