Story perspectives
U.S. Blockade in Strait Raises Oil Prices Above $100
4/14/2026
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Story summary
- The U.S. military blockade in the Strait of Hormuz began on April 13 to cut Iran's oil income amid failed talks.
- Tracking data show vessels, including oil tanker Rich Starry, turned back, joining about 800 stranded ships.
- Oil prices rose above $100 per barrel.
- French President Emmanuel Macron announced efforts to restore freedom of navigation in the strait.
- Experts warn disruption could cause demand destruction and shortages affecting many nations.
