13 Apr, 09:02··
US Blocks Iranian Ports, Oil Prices Rise

The United States has ordered the Navy to block ships entering or leaving Iranian ports in the Strait of Hormuz. This action, following failed talks in Islamabad, has caused oil prices to increase. Iran has threatened retaliation, raising concerns about the situation.
Summarized from the sources above. Read the originals for the full story.
middle eastoil marketsgeopoliticsoilpolitics