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The Hindu

Economy / The Hindu

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Oil jumps 8% to above $100 ahead of U.S. blockade on Strait of Hormuz

President Donald Trump said on Sunday (April 12, 2026) the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war

13 Apr 2026 6:35 am