U.S. naval blockade of Iran takes effect, sparking global oil price surge and diplomatic clashes A U.S. naval blockade of Iranian ports has begun, escalating Middle East tensions. Global oil prices surged past $100 a barrel following the blockade. Iran threatened regional maritime security in retaliation, calling the move piracy. The action risks shattering a fragile ceasefire and drew international criticism. The crisis centers on the strategic Strait of Hormuz, a vital global oil chokepoint. A major U.S. naval blockade of Iranian ports took effect on April 13, dramatically escalating tensions in the Middle East and sending global oil prices soaring past $100…
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