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

Hungary: Scenes of Joy in Budapest After Magyar's Victory

PoliticsHungary

AfricaNews•1m ago

Hungary: Scenes of Joy in Budapest After Magyar's Victory

In Budapest, thousands gathered along the Danube and near the Parliament to celebrate the victory of Magyar's Tisza party. The festivities continued late into the night, with music and honking filling the city center. Similar scenes were reported in other major cities, where participants expressed a mix of relief and surprise following a highly polarized campaign marked by accusations of foreign interference.

In Peru, electoral delays fuel doubts about the integrity of the vote

PoliticsPeru

AfricaNews•1m ago

In Peru, electoral delays fuel doubts about the integrity of the vote

Delays in the electoral process in Peru have sparked protests across the country, with voters denouncing irregularities. Electoral authorities have assured that the results will reflect the popular will, but over 63,000 voters, including those living abroad, will have a second chance to vote on April 13. This delay makes results unlikely before April 14.

Godongwana barred from G20 finance summit amid US rift

PoliticsBusiness & EconomySouth Africa

news24.com•1m ago

Godongwana barred from G20 finance summit amid US rift

South African Finance Minister Enoch Godongwana has been barred from the G20 finance summit due to tensions with the United States. This decision comes as relations between South Africa and the US deteriorate, particularly over disagreements on economic and political issues. Godongwana was initially set to represent his country at this crucial international event.

Stay Updated with NewsBoulevard

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

Learn more