Trump’s Iran Port Blockade Rattles Hormuz Shipping as Oil Tops $100

Oil prices surged above $100 a barrel after US President Donald Trump announced a naval blockade of Iranian ports. The blockade, effective at 10 a.m. ET, prompted tankers to steer clear of the Strait of Hormuz, a crucial oil transport chokepoint. Two Iranian-linked tankers, the Auroura and the New Future, exited the Gulf, while other ships altered their routes in response to the escalating tensions.