Oil prices climb and global markets decline as US prepares for blockade of Iran's ports
Yahoo Finance·2026-04-13 11:54
TOKYO (AP) — Oil prices resumed their climb and global markets mostly declined Monday as the U.S. military prepared to blockade traffic to and from Iranian ports and the Strait of Hormuz, where most shipping has been stalled by Iran since the start of the war. U.S. President Donald Trump announced the planned blockade after U.S.-Iran ceasefire talks in Pakistan ended without an agreement, and the U.S. military said the blockade involving all Iranian ports would begin Monday at 10 a.m. EDT, or 5:30 p.m. in ...