Iran War: Tehran Threatens Gulf Ports and Calls US Blockade Illegal | The Opening Trade 4/13/2026

Oil surged back above $100 a barrel while stocks and bonds fell after President Donald Trump ordered a blockade of the Strait of Hormuz following the weekend’s deadlock in US-Iran peace talks. Traders are bracing for another week of headline-driven volatility, with the flow of oil and gas through the Hormuz strait in focus as Trump’s restrictions on vessels calling at Iranian ports threaten to deepen a global energy shock. Even so, the relatively limited pullback in riskier assets suggested investors remain cautiously optimistic that a resolution could still be reached to end the conflict. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)