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Oil prices jump after Trump announces U.S. blockade of the Strait of Hormuz

Neil Irwin, chief economic correspondent at Axios, joins CBS News 24/7 to break down the jump in oil prices after President Trump announced the U.S. would blockade Iranian ports in the Strait of Hormuz.

Published April 13, 2026, 6:18 PM
Updated April 13, 2026, 10:08 PM1.6K
Oil prices jump after Trump announces U.S. blockade of the Strait of Hormuz

Neil Irwin, chief economic correspondent at Axios, joins CBS News 24/7 to break down the jump in oil prices after President Trump announced the U.S. would blockade Iranian ports in the Strait of Hormuz.

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