Energy — U.S. Blocks Strait of Hormuz as Iran Nuclear Deal Talks Continue

Energy · 2026-04-15

The U.S.-Iran conflict is entering a decisive inflection point. The U.S. naval blockade of the Strait of Hormuz has passed its first operational test — turning back all vessels attempting to breach it — while President Trump signals a deal could materialize this week, calling the war "very close to over." These seemingly contradictory signals are shaping a market caught between physical…