# Global financial markets have entered a period of intense volatility after President Trump announced a naval blockade of the Strait of Hormuz.

*business · news · 2026-04-13 · The Tribune*

## Key points

- President Trump announced a full naval blockade of the Strait of Hormuz, disrupting global oil supply.
- Crude oil prices surged 6-8% with Brent and WTI trading above USD 100 per barrel.
- Flight trackers show increased US transport plane activity toward the Middle East after the blockade announcement.
- The blockade effectively landlocks Iran, leaving only Caspian Sea ports and overland routes for trade.
- The current oil supply disruption is larger than those in 1973, 1979, or the 1990 Kuwait invasion.

**Countries:** India, Iran, United States

[Read the full story on The Tribune](https://www.tribuneindia.com/news/business/it-is-a-big-escalation-ajay-bagga-on-the-global-fallout-of-the-strait-of-hormuz-blockade/)

---

Canonical: https://newsio.io/n/28871fab-9947-4a5a-baa9-364e6ca7e76b/global-financial-markets-have-entered-a-period-of-intense-volatility-after-presi
Summarized by Newsio from The Tribune. https://newsio.io/how-it-works