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Oil prices rose sharply following the blockade of Iranian ports

Oil prices rose sharply following the blockade of Iranian ports

Oil prices rose sharply on the global market following Donald Trump's order to blockade Iranian ports on April 13. This was reported by the BBC.

According to the data, the price of Brent oil, which is considered the global benchmark, increased by more than 7%, exceeding $100 per barrel. In some trading, the price increased by 7.5% and approached $103.

The US Central Command announced the imposition of a military blockade on Iranian ports on the evening of April 12. These restrictions apply to all maritime transport entering and exiting Iranian ports, and also affect movement in the Persian Gulf and the Gulf of Oman.

At the same time, in a statement on Truth Social, Trump emphasized that strict measures would be taken against ships passing through the Strait of Hormuz. According to him, the US Navy will strengthen control in the region and respond decisively to any threats.

According to experts, this tense situation could exacerbate instability in the global energy market and lead to a further increase in prices.

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