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Trump Returns to Weary and Failing Playbook with Hormuz Blockade Threat

Brent rose above $100 a barrel as traders feared the blockade could further disrupt flows through the Strait of Hormuz, Kpler data showed.

  • On Monday, Brent crude futures surged about 8% to $102.80 a barrel after President Donald Trump announced plans to blockade the Strait of Hormuz, ending recent ceasefire optimism.
  • Trump's Sunday announcement, which he termed a "blockade of a blockade," escalates the six-week-old conflict that has already reduced oil and gas transit through the waterway to roughly 20% of pre-war levels.
  • Unilaterally cutting off Gulf energy without consultation creates severe risks for importers like India and Korea, where energy costs force a consistent bid for dollars that weakens local currencies.
  • Global markets reacted sharply to the announcement, with the MSCI Emerging Markets Index falling as much as 1.2% in Asian trading as investors moved away from energy-dependent assets.
  • Financial observers suggest the threat may be a familiar tactic to "escalate to de-escalate," though markets remain wary that repeated brinkmanship could cause severe, long-lasting damage to the global economy.
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13 Articles

ReutersReuters
+2 Reposted by 2 other sources
Center

Trump returns to weary and failing playbook with Hormuz blockade threat

·United Kingdom
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Lean Left

President Donald Trump’s plan to blockade the Strait of Hormuz would halt the nearly 2 million barrels a day of Iranian oil that’s been passing through the waterway, further squeezing global supply and cutting off a vital lifeline for the Islamic Republic.

·United States
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Bloomberg broke the news in United States on Sunday, April 12, 2026.
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