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Dow falls 350 points, oil surges above $100 after Trump announces Strait of Hormuz blockade

By New York Post April 13, 2026 Bearish
Dow falls 350 points, oil surges above $100 after Trump announces Strait of Hormuz blockade
US stocks fell Monday morning as oil surged past $100 a barrel after President Trump announced a new blockade of the Strait of Hormuz – squashing hopes for de-escalation in the Middle East.
US stocks fell Monday morning as oil surged past $100 a barrel after President Trump announced a new blockade of the Strait of Hormuz – squashing hopes for de-escalation in the Middle East.