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Oil prices shoot up following Trump's blockade threat

Author
Newstalk ZB,
Publish Date
Mon, 13 Apr 2026, 7:41pm
Photo / Getty Images
Photo / Getty Images

Oil prices shoot up following Trump's blockade threat

Author
Newstalk ZB,
Publish Date
Mon, 13 Apr 2026, 7:41pm

Global oil prices have shot up again, with Donald Trump gunning for authority over the Strait of Hormuz.

The President's announced a naval blockade on Iranian ports, after peace talks collapsed in Pakistan yesterday. 

Despite the ceasefire, he's looking at resuming strikes.  

Harbour Asset Management expert Shane Solly explained further.

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