<\/p>\n
Crude oil recorded gains exceeding 8% at the start of the week’s trading in the European session on Monday, April 13, after rising more than 10% at the opening of Asian markets. This surge followed threats from US President Donald Trump to impose a blockade on the Strait of Hormuz and escalate pressure on Iran. US crude (WTI) rose by approximately 8.03%, trading at $104.32 a barrel, while Brent crude traded at $102.47 a barrel, up by about 7.50%.<\/p>\n
The US president stated that the United States would begin imposing a blockade on ships bound for Iranian ports starting Monday, following the collapse of peace talks between Washington and Tehran, further exacerbating the unprecedented global energy crisis.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Crude oil recorded gains exceeding 8% at the start of the week’s trading in the European session on Monday, April 13, after rising more than 10% at the opening of Asian markets. This surge followed threats from US President Donald Trump to impose a blockade on the Strait of Hormuz and escalate pressure on Iran. […]<\/p>\n","protected":false},"author":1,"featured_media":6262,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-9163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-markets"],"acf":[],"yoast_head":"\n