Oil Surges, US Futures Drop on Hormuz Blockade: Markets Wrap - Bloomberg.com
business 2026/04/12 23:29:22

Oil Surges, US Futures Drop on Hormuz Blockade: Markets Wrap - Bloomberg.com

Source:Bloomberg
Author:Anand Krishnamoorthy

Oil surged while stocks and bonds fell as a brief bout of market optimism unraveled after President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran after weekend peace talks collapsed.