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Trump Blocks Strait of Hormuz, Oil Prices Soar

4/13/2026

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Story summary
  • U.S. President Donald Trump ordered a blockade of the Strait of Hormuz.
  • Oil prices surged.
  • The Association of Southeast Asian Nations (ASEAN) foreign ministers urged the United States and Iran to resume negotiations and emphasized a permanent regional peace.
  • They called for effective ceasefire implementation and safe vessel transit in the Strait of Hormuz.
  • The conflict has entered its seventh week, raising concerns about global economic impacts.