warApr 13
Oil Hits $119: Trump’s Hormuz Blockade Traps Tankers from U.S. Allies
President Trump just upended the global energy market. On April 13, 2026, he ordered the Navy to blockade the Strait of Hormuz, specifically hitting any ship paying tolls to Iran. This isn't just diplomacy: it's a massive escalation after ceasefire talks in Islamabad fell apart. While the White House calls these tolls illegal, the move is effectively trapping oil from allies like Saudi Arabia and the UAE. Brent Crude has already skyrocketed from $70 to $119. What the headlines missed? Iran's enrichment just hit 60%, a hair's breadth from weaponization. We’re tracking the fallout as the U.S. navigates a dangerous legal grey zone.