{"id":71041,"date":"2026-04-13T00:27:48","date_gmt":"2026-04-13T00:27:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/oil-prices-boom-after-hormuz-strait-blockade-announcement-markets-and-prices-bitcoin-news\/"},"modified":"2026-04-13T00:27:48","modified_gmt":"2026-04-13T00:27:48","slug":"oil-prices-boom-after-hormuz-strait-blockade-announcement-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/oil-prices-boom-after-hormuz-strait-blockade-announcement-markets-and-prices-bitcoin-news\/","title":{"rendered":"Oil Prices Boom After Hormuz Strait Blockade Announcement \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p data-path-to-node=\"0\"><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li data-path-to-node=\"1,0,0\">Trump\u2019s April 13 blockade on Iran spiked WTI crude to $104, threatening future US <span>gas<\/span> prices next.<\/li>\n<li data-path-to-node=\"1,1,0\">March CPI rose 0.9% amid an oil price surge, forcing Trump to brace for midterm election fallout next.<\/li>\n<li data-path-to-node=\"1,2,0\">With Gasbuddy tracking $4.08 US <span>gas<\/span>, Iran\u2019s Qalibaf warns pump prices will soon exceed $5 next.<\/li>\n<\/ul>\n<h2>Oil Prices Rise as U.S. Announces Hormuz Strait Blockade<\/h2>\n<p>Oil markets continue to experience increased <span>volatility<\/span>, affected by the comings and goings of the ongoing conflict in the Middle East.<\/p>\n<p>As President <a href=\"https:\/\/news.bitcoin.com\/trump-token-holders-compete-for-mar-a-lago-dinner-spots-as-registration-deadline-shifts-to-april-14\/\">Trump<\/a> announced that the U.S. would exert a military blockade on ships going through the Hormuz Strait following the failure of the mediation to end the current war, prices experienced a hike, as the West Texas Intermediate (WTI) and Brent benchmarks registered a 10% rise at market open.<\/p>\n<p><\/p>\n<p>WTI futures rose to over $104 per barrel, while their Brent counterparts reached over $102. The U.S. Central Command (CENTCOM) forces <a href=\"https:\/\/x.com\/CENTCOM\/status\/2043432050921718194\" target=\"_blank\" rel=\"noopener noreferrer\">announced<\/a> that the blockade, which will target<strong> \u201call maritime traffic entering and exiting Iranian ports,\u201d<\/strong> will begin enforcement on April 13 at 10 a.m. ET, as President Trump stated on social media.<\/p>\n<p>The move is expected to exacerbate <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-gas\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gas<\/a> prices at the pump in the U.S., which have already reached $4.08 per gallon <a href=\"https:\/\/www.gasbuddy.com\/go\/oil-shock-sends-gas-prices-soaring-as-strait-crisis-deepens\" target=\"_blank\" rel=\"noopener noreferrer\">according<\/a> to Gasbuddy data.<\/p>\n<p>Even President Trump recently admitted that high oil prices might persist until the upcoming midterm congressional elections. Asked by Fox News\u2019s Anchor Maria Bartiromo about whether <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-gas\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gas<\/a> and oil prices would be lower before the upcoming elections, he <a href=\"https:\/\/thehill.com\/business\/5828159-trump-oil-gas-prices-midterms\/\" target=\"_blank\" rel=\"noopener noreferrer\">stated<\/a>:<\/p>\n<blockquote>\n<p>I hope so. I mean, I think so, it could be, it could be, or the same or maybe a little bit higher, but it should be around the same.<\/p>\n<\/blockquote>\n<p>Energy prices have already shocked the U.S. economy, leading to a 0.9% <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a> rise in March, with the month\u2019s Consumer Price Index (CPI) reaching 3.3% during the last 12 months.<\/p>\n<p>Mohammad Baqer Qalibaf, Speaker of the Islamic Republic of Iran\u2019s Parliament, told Americans to <strong>\u201cenjoy the current pump figures.\u201d \u201cWith the so-called \u2018blockade\u2019, soon you\u2019ll be nostalgic for $4\u2013$5 <span>gas<\/span>,\u201d<\/strong> he <a href=\"https:\/\/x.com\/mb_ghalibaf\/status\/2043425869570416802?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">concluded<\/a>.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/oil-prices-boom-after-hormuz-strait-blockade-announcement\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Trump\u2019s April 13 blockade on Iran spiked WTI crude to $104, threatening future US gas prices next. March CPI rose 0.9% amid an oil price surge, forcing Trump to brace for midterm election fallout next. With Gasbuddy tracking $4.08 US gas, Iran\u2019s Qalibaf warns pump prices [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":71042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71041"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71041"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71042"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}