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Global Business News

The Economic Times

Global Business / The Economic Times

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Trump returns to weary and failing playbook with Hormuz blockade threat

Global oil markets are watching US President Donald Trump's threat to blockade the Strait of Hormuz. This action follows failed talks with Iran and has already caused oil prices to jump. The waterway is vital for global supply. Iran's reaction to this escalation is key. Further attacks on oil facilities could create a full-blown emergency.

13 Apr 2026 7:35 am