US Initiates Blockade on Strait of Hormuz Amid Oil Crisis

On April 13, the United States began a blockade in the Strait of Hormuz, a critical chokepoint for global oil transportation, affecting roughly 20% of the world's oil and liquefied natural gas supply. The blockade follows collapsed peace talks with Iran, exemplified by the stranded oil tanker Rich Starry, which turned back instead of exiting the strait. Consequently, oil prices surged above $100 per barrel, indicating severe disruptions in supply routes and heightened tensions in the region.