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Oil jumps 8% to above $100 ahead of U.S. blockade on Strait of Hormuz – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services
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Oil jumps 8% to above $100 ahead of U.S. blockade on Strait of Hormuz

Oil jumps 8% to above 0 ahead of U.S. blockade on Strait of Hormuz

Brent crude futures rose $7.60, or 7.98%, to $102.80 a barrel by 2310 GMT after settling 0.75% lower on ‌April 10, 2026.
| Photo Credit: Reuters

Oil prices jumped above $100 a barrel ‌on Monday (April 13, 2026) as the U.S. Navy prepared a blockade of the Strait ​of Hormuz that could restrict Iranian oil shipments after the ⁠U.S. and Iran failed to reach a deal to end the war.

Brent crude futures rose $7.60, or 7.98%, to $102.80 a barrel by 2310 GMT after settling 0.75% lower on ‌Friday (April 10, 2026).

Published – April 13, 2026 06:35 am IST

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