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US Blockade Shuts Hormuz, Cuts 13 M bpd, Oil Rises 2.8%

4/23/2026

50 4 Full Breakdown

Summary

Story summary

The Strait of Hormuz stays closed as the United States maintains a blockade of vessels to Iranian ports.
The International Energy Agency said the Iran conflict and Hormuz closure cut about 13 million barrels per day of global oil supply.
WTI crude oil (CLK26) closed up $2.52, a 2.81% gain, on Tuesday, April 21, 2026.

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Story summary

The Strait of Hormuz stays closed as the United States maintains a blockade of vessels to Iranian ports.
The International Energy Agency said the Iran conflict and Hormuz closure cut about 13 million barrels per day of global oil supply.
WTI crude oil (CLK26) closed up $2.52, a 2.81% gain, on Tuesday, April 21, 2026.