# Global equity markets declined on Monday after a renewed threat of hostilities in West Asia and an energy crisis again looming on the world.

*business · news · 2026-04-13 · Free Press Journal*

## Key points

- Global equity markets declined sharply after failed US-Iran peace talks in Islamabad.
- President Trump announced an immediate US naval blockade of the Strait of Hormuz.
- Iran warned it would attack any military ship approaching the Strait of Hormuz.
- Oil prices surged above $100 due to heightened tensions and blockade threats.

**Countries:** United States, Iran, Pakistan, India, Japan, South Korea, Hong Kong

[Read the full story on Free Press Journal](https://www.freepressjournal.in/business/global-markets-slip-on-trumps-threats-to-blockade-strait-of-hormuz-after-peace-talks-with-iran-failed)

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