Crude Prices Jump as US Blockade of Strait of Hormuz Takes Hold

Written on 04/13/2026
Rich Asplund

May WTI crude oil (CLK26 ) today is up +5.91 (+6.12%), and May RBOB gasoline (RBK26 ) is up +0.1254 (+4.13%). Crude oil and gasoline prices are sharply higher today after peace talks between the US and Iran broke down over the weekend and President Trump imposed a blockade in...A sunset over a fuel tanker by Sebastian via Pixabay
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