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TURKISH FOREIGN MINISTER: THERE ARE MANY DIFFICULTIES TO INTERNATIONAL FORCE ON STRAIT OF HORMUZ, NEEDS TO BE OPENED THROUGH DIPLOMACY

2026-04-13

TURKISH FOREIGN MINISTER: THERE ARE MANY DIFFICULTIES TO INTERNATIONAL FORCE ON STRAIT OF HORMUZ, NEEDS TO BE OPENED THROUGH DIPLOMACY

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2026-04-12

UK Maritime Trade Operations Office: After the captain fired a signal flare, the small boat turned around and sailed away.

UK Maritime Trade Operations Office: After the captain fired a signal flare, the small boat turned around and sailed away.
2026-04-13

Brent crude rose above $103 a barrel after weekend US–Iran talks failed, with escalation fears over a planned US naval blockade of the Strait of Hormuz, according to Onyx Capital Group Managing Director Jorge Montepeque. He said current prices do not

Brent crude rose above $103 a barrel after weekend US–Iran talks failed, with escalation fears over a planned US naval blockade of the Strait of Hormuz, according to Onyx Capital Group Managing Director Jorge Montepeque. He said current prices do not reflect potential disruption and argued oil could rise to $140–$150 if the blockade is fully implemented. The proposed measure would restrict vessels entering and leaving Iranian ports and could escalate the conflict into a global energy shock, with potential supply losses of up to 12 million barrels per day. Montepeque said traders have so far seen limited price reaction due to skepticism that both sides of the strait would be fully closed, though Brent still jumped about 8% to above $103, and could remain near $100 for the rest of the year if tensions ease.
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