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Strait of Hormuz Blocked, Oil Prices Surge Amid Ceasefire

4/11/2026

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Summary

Story summary

The Strait of Hormuz remains blocked over 48 hours after U.S. President Donald Trump announced a two-week ceasefire contingent on Iran reopening the waterway.
MarineTraffic.com data indicate minimal movement in marine traffic from April 9 to April 10.
The strait typically handles about 20% of the world's oil.
The blockage, tied to the Iran-US war that began in late February, has raised global oil prices and energy costs.

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Story summary

The Strait of Hormuz remains blocked over 48 hours after U.S. President Donald Trump announced a two-week ceasefire contingent on Iran reopening the waterway.
MarineTraffic.com data indicate minimal movement in marine traffic from April 9 to April 10.
The strait typically handles about 20% of the world's oil.
The blockage, tied to the Iran-US war that began in late February, has raised global oil prices and energy costs.