Sources
Bloomberg — 2026-04-12#
Lead Story#
The US and Iran failed to reach an agreement after 21 hours of marathon talks in Islamabad, prompting President Donald Trump to announce an immediate US naval blockade of the Strait of Hormuz starting Monday at 10 a.m. New York time. The collapse of the fragile ceasefire and the impending blockade of the critical maritime chokepoint sent oil and European natural gas prices surging, while US equity futures dropped and gold tumbled as traders braced for profound global supply disruptions.