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From his Truth Social post:”The United States to Blockade Ships Entering or Exiting Iranian Ports on April 13 at 10:00 A.M. ET. Thank you for your attention to this matter! President DJT”That means the blockade will officially begin at 1400 GMT later today.As a reminder, the blockade that Trump is referring to is essentially a move where they will intercept all ships trying to head towards an Iranian port or ships that are looking to carry Iranian goods out. On the latter, the most punishing would arguably be oil and gas related.This means that the Strait of Hormuz is essentially being contested from two different areas now. Iran still holds control through a mix of physical presence and intimidation, closer to its shores.Previously, Iran has allowed just a few ships to pass through each day – most of which are linked to their own interests and/or related allies such as China. Now, the US is seeking to stop all of that movement so as to try and block Iran back at their own game.Well, we will have to see how long this can last.
This article was written by Justin Low at investinglive.com.
💡 DMK Insight
So, Trump’s announcement about a blockade on Iranian ports is a game changer for oil traders. This move could tighten global oil supply, especially if Iran retaliates or if shipping routes are disrupted. With geopolitical tensions already high, traders need to keep an eye on crude oil prices, which could spike as fears of supply shortages grow. If you’re trading oil, watch for key resistance levels—any break above recent highs could signal a strong bullish trend. Also, consider how this might ripple through related markets like natural gas and even equities tied to energy sectors. On the flip side, if the blockade doesn’t lead to significant disruptions, we could see a quick reversal in oil prices. So, it’s crucial to monitor not just the price action but also news from the region. Keep an eye on the next few days for volatility as the market digests this news.
📮 Takeaway
Watch for crude oil prices to react sharply to the blockade news; key resistance levels could signal a bullish trend if breached.
