# Futures of major benchmark indices were lower after President Donald Trump announced a blockade of the Strait of Hormuz.

*business · news · 2026-04-13 · Benzinga*

## Key points

- U.S. announced a blockade of the Strait of Hormuz, impacting global oil and commodity prices.
- Peace talks in Islamabad collapsed after 21 hours, with U.S. and Iran unable to reach agreement.
- Crude oil futures surged over 8% to around $104.55 per barrel following the blockade announcement.
- FedWatch tool shows a 96.4% probability that the Federal Reserve will keep rates unchanged in April.
- Goldman Sachs is expected to report $16.41 EPS and $16.93 billion revenue before the market opens.

**Companies:** Goldman Sachs, Fastenal, Children’s Place, IDEAYA Biosciences
**Countries:** United States, Iran, Israel, Pakistan, China, India, Australia, South Korea, Japan

[Read the full story on Benzinga](https://www.benzinga.com/markets/equities/26/04/51773375/stock-market-today-dow-futures-fall-as-trump-announces-strait-of-hormuz-blockade-goldman-sachs-fastenal-in-focus)

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