Keyword → Iran war

Trump Reinstates Strait of Hormuz Blockade; Proposes 20% Transit Fee on All Cargo — Brent Crude Jumps 9.5% to $83

President Trump announced the United States will reinstate a naval blockade on Iranian ports and impose a 20% fee on all non-Iranian cargo transiting the Strait of Hormuz, effective Tuesday at 4 p.m. ET. Brent crude jumped 9.5% to above $83 per barrel, its biggest single-day gain since May 2020, while WTI settled near $78. The move follows a third consecutive night of US strikes on Iran and effectively ends the ceasefire agreement signed in mid-June.

Brent Crude Rises 4% to $78.82 — US-Iran Weekend Airstrikes Reopen Strait of Hormuz Dispute and Shatter June Peace Deal

Brent crude rose more than 4% to touch $78.82 a barrel after US and Iranian forces exchanged strikes over the weekend, with Iran declaring the Strait of Hormuz closed and US Central Command asserting it remains open. The renewed conflict has all but shattered the June memorandum of understanding, with just six vessels tracked crossing the strait in a 12-hour window versus a pre-crisis baseline of 18 to 22 daily crossings. Energy stocks and airline equities face sharply divergent outlooks as oil risk premium rebuilds.

US-Iran War Reignites: 90 CENTCOM Strikes After Ceasefire Collapses — Oil Climbs 4.4% to $73.52 as Hormuz Risk Returns

US Central Command struck 90 Iranian military targets overnight after President Trump declared the fragile ceasefire "over" following Iranian attacks on three commercial vessels in the Strait of Hormuz. Iran retaliated by targeting Bahrain, Kuwait, and Qatar, and the US revoked its waiver on Iranian oil sales sanctions. WTI crude rose 4.4% to $73.52, Brent climbed 5.4% to $78.19. Dow futures fell 0.1% while Nasdaq-100 futures rose 0.7% as AI names decoupled from the geopolitical shock.

Trump Declares Iran Ceasefire 'Over' After Strait of Hormuz Ship Attacks — Brent Crude Spikes 5.2% to $78

President Trump declared the US-Iran memorandum of understanding 'over' after American forces struck Iran in retaliation for attacks on three commercial vessels in the Strait of Hormuz. Brent crude jumped 5.2% to $78.02, WTI rose 4.9% to $73.89, and the Dow fell more than 500 points. Trump threatened further strikes 'tonight,' while Iran's foreign ministry condemned the US military action as a gross violation of the ceasefire. Energy stocks gained; tech and semis sold off.

ExxonMobil Gains 1.6%, Chevron 1.9%, ConocoPhillips 2.2% as Iran Re-Escalation Reverses Energy Sector's June Slide

ExxonMobil, Chevron, and ConocoPhillips gained 1.6%, 1.9%, and 2.2% respectively as Iran's renewed attacks on Strait of Hormuz shipping reversed the oil supply easing trade that had weighed on energy stocks since the June ceasefire. The US Treasury also revoked the waiver allowing Iran to sell oil globally, a move that could materially re-tighten the crude market. Energy is the sole S&P 500 sector in positive territory as broader equity markets sink.

Bitcoin Drops 2.2% to $62,038 as Iran Re-Escalation and Hawkish Fed Minutes Dual-Press Crypto Risk Assets

Bitcoin fell 2.2% to $62,038 as traders confronted a simultaneous double shock: Iran's ceasefire collapse sent oil surging and risk appetite cratering, while the Federal Reserve's June FOMC minutes, releasing at 2 p.m. ET, are expected to confirm a hawkish internal debate with nine of eighteen officials favoring a 2026 rate hike. Markets assign a 40% probability of a hike to 3.75%-4.00% by December, and any confirmation of aggressive internal sentiment could push crypto lower.

U.S. Navy Seizes Iranian Cargo Ship Touska, Tehran Shuts Hormuz Again; Ceasefire Talks Collapse as Oil Surges 7%

The USS Spruance fired on and seized the Iranian-flagged cargo vessel Touska in the Gulf of Oman after it defied U.S. blockade warnings over six hours, triggering Iran to reimpose full closure of the Strait of Hormuz on Saturday. Tehran's foreign ministry announced Monday it has no plans to attend a second round of Islamabad peace talks, sending WTI crude surging 7% above $89 and U.S. equity futures falling sharply as the fragile ceasefire — set to expire Wednesday — appears on the brink of collapse.

Trump Orders U.S. Naval Blockade of Strait of Hormuz After Iran Peace Talks Collapse

President Trump ordered the U.S. Navy to blockade the Strait of Hormuz on Sunday after weekend peace negotiations in Islamabad between the U.S. and Iran ended without a deal. The move sent oil prices surging past $103 per barrel, rattled global equity markets, and reignited fears of a prolonged energy supply shock that could deepen inflationary pressures across the global economy.

March CPI Surges to 3.3% Annual Rate as Iran War-Driven Energy Shock Accelerates Inflation

The Bureau of Labor Statistics reported Friday morning that the Consumer Price Index rose at a 3.3% annual rate in March 2026, the largest monthly gain since 2022, as the U.S.-Iran war sent gasoline prices soaring above $4 per gallon and sharply widened the gap between headline and core inflation, further complicating the Federal Reserve's rate path ahead of its May 1 policy decision.