{"id":73647,"date":"2026-04-13T12:30:01","date_gmt":"2026-04-13T07:30:01","guid":{"rendered":"https:\/\/chinaurdu.com\/eng\/?p=73647"},"modified":"2026-04-13T12:30:01","modified_gmt":"2026-04-13T07:30:01","slug":"oil-prices-cross-103-as-us-announces-iran-blockade","status":"publish","type":"post","link":"https:\/\/chinaurdu.com\/eng\/?p=73647","title":{"rendered":"Oil prices cross $103 as US announces Iran blockade"},"content":{"rendered":"<p>Global oil prices surged past $103 per barrel on Monday after the United States announced a naval blockade targeting Iranian ports, triggering fresh concerns over supply disruptions in the energy market.<\/p>\n<p>Benchmark Brent crude jumped above $102 per barrel, while US West Texas Intermediate (WTI) climbed to around $104, marking gains of more than 7% in a single session.<\/p>\n<p>The sharp rise followed the announcement by US authorities to enforce a maritime blockade on vessels entering or exiting Iranian ports, escalating tensions in the oil-rich Middle East and raising fears of reduced crude flows through the strategically vital Strait of Hormuz.<\/p>\n<p>Analysts say the move could disrupt millions of barrels of oil per day, as the strait handles nearly a fifth of global oil shipments, making it one of the world\u2019s most critical energy corridors.<\/p>\n<p>Market sentiment has been further rattled by the breakdown of US-Iran talks and the risk of wider conflict, with investors pricing in a geopolitical risk premium amid uncertainty over shipping security and regional stability.<\/p>\n<p>Shipping activity in the Gulf has already shown signs of disruption, with some tankers reportedly avoiding the area ahead of the blockade, adding to supply concerns and market volatility.<\/p>\n<p>Energy experts warn that if tensions persist or escalate further, oil prices could remain elevated, potentially fuelling inflation and impacting global economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global oil prices surged past $103 per barrel on Monday after the United States announced a naval blockade targeting Iranian ports, triggering fresh concerns over supply disruptions in the energy market. Benchmark Brent crude jumped above $102 per barrel, while US West Texas Intermediate (WTI) climbed to around $104, marking gains of more than 7% [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":73648,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,17],"tags":[],"ppma_author":[213],"class_list":{"0":"post-73647","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest","8":"category-world"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil prices cross $103 as US announces Iran blockade<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/chinaurdu.com\/eng\/?p=73647\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices cross $103 as US announces Iran blockade\" \/>\n<meta property=\"og:description\" content=\"Global oil prices surged past $103 per barrel on Monday after the United States announced a naval blockade targeting Iranian ports, triggering fresh concerns over supply disruptions in the energy market. 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