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Oil Holds Jump After Trump Reinstates Blockade on Iranian Ships

Newseze Wire·Mon, Jul 13, 10:01 PMWire: Bloomberg Markets
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Oil Holds Jump After Trump Reinstates Blockade on Iranian Ships

Oil held its biggest gain since April, after US President Donald Trump said he would reimpose a blockade on Iranian ships transiting the Strait of Hormuz and demand payment for all other cargo moving through the waterway.

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Oil held its biggest gain since April, after US President Donald Trump said he would reimpose a blockade on Iranian ships transiting the Strait of Hormuz and demand payment for all other cargo moving through the waterway. The story falls into Newseze's markets desk and is being actively tracked by our editorial team. Calm framing, primary-source references, and respectful tone — every Newseze story is scored for drama and conspiracy before it reaches you. Worth knowing: Newseze refreshes its newsroom every hour and flags fast-moving local and breaking news as it develops. Watch this page for updates. Reporting: Bloomberg Markets.

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