27 April 2026Top Stories
Trump orders Navy blockade as Iran talks collapse
The ceasefire that pulled markets back from March lows is dead. Trump ordered the Navy to blockade the Strait of Hormuz starting Monday after firing on Iranian vessels, while Iranian state media confirmed no plans to attend weekend talks in Pakistan. FTSE 100 futures opened down 0.6 percent at 10,540 as Brent crude jumped to $95.29, erasing the relief rally that drove April gains. The Strait carries 20 percent of global oil supply and remains effectively shut, stranding tankers as storage nears capacity.
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