Oil jumps 8% to above $100 ahead of U.S. blockade on Strait of Hormuz
Brent crude futures rose $7.60, or 7.98%, to $102.80 a barrel by 2310 GMT after settling 0.75% lower on April 10, 2026.
| Photo Credit: Reuters
Oil prices jumped above $100 a barrel on Monday (April 13, 2026) as the U.S. Navy prepared a blockade of the Strait of Hormuz that could restrict Iranian oil shipments after the U.S. and Iran failed to reach a deal to end the war.
Brent crude futures rose $7.60, or 7.98%, to $102.80 a barrel by 2310 GMT after settling 0.75% lower on Friday (April 10, 2026).
Published – April 13, 2026 06:35 am IST
