Oil prices surge past $103 a barrel after US announces blockade of Iran

Author: John PowerPublished on: April 13, 2026Country: United States

PoliticsBusiness & Economy

Oil prices surge past $103 a barrel after US announces blockade of Iran

Oil prices surged following US President Donald Trump's announcement of a naval blockade of Iran. Brent crude rose over 8% to surpass $103 a barrel. The blockade, effective Monday at 10 AM, will only affect vessels traveling to Iran, while normal maritime traffic will not be impeded.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

PoliticsUnited States

aljazeera.com•18m ago

Donald Trump

Hungarian Prime Minister Viktor Orban was voted out after 16 years in power during a record turnout at the polls. Meanwhile, U.S. President Donald Trump announced a blockade of ships crossing the Strait of Hormuz following the collapse of peace talks with Iran. Trump stated that the U.S. 'wins' regardless of the outcome of the discussions with Iran.

South Africa: Can the Democratic Alliance Transform Fear Into Hope Before 2029 Elections?

PoliticsSouth Africa

Nonkululeko Njilo and Victoria O'regan•18m ago

South Africa: Can the Democratic Alliance Transform Fear Into Hope Before 2029 Elections?

Geordin Hill-Lewis was elected as the new DA federal leader on April 12, 2026, emphasizing the need to overcome the fear that paralyzes South Africans. He highlighted that fear of crime, corruption, and local infrastructure failures drives citizens away from politics. Hill-Lewis described the various fears experienced by South Africans, including those of women, the elderly, and small business owners.

Nigeria: 'Over 50 Killed in Accidental Bombing' At Borno-Yobe Border Market

PoliticsNigeria

Habibu Gimba•18m ago

Nigeria: 'Over 50 Killed in Accidental Bombing' At Borno-Yobe Border Market

An accidental bombing occurred at Jilli Market, located between Gubio and Geidam Local Government Areas, resulting in at least 56 deaths, mostly traders. The attack took place during business hours and targeted suspected Boko Haram insurgents. Witnesses reported that multiple fighter jets conducted the operation but missed their target, causing panic among those present.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more