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Oil prices surge nearly 6% amid U.S. blockade

Filed: Apr 13, 2026 at 1:01 PM ET
Summary: Oil prices rose nearly 6% as the U.S. military blockade of Iranian ports began after failed negotiations.
WHO: U.S. military
WHAT: blockade of Iranian ports
WHEN: Apr 13, 2026 at 11:53 AM ET
WHERE: Iranian ports
WHY: Following failed negotiations between the U.S. and Iran.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
📋 This story has 15 earlier reports
🔍 47 sources analyzed

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