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US blockade of Iran ports deepens global oil uncertainty after Hormuz standoff

Published by Uganda Business News By Uganda Business News · 13 April 2026 at 12:46
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US blockade of Iran ports deepens global oil uncertainty after Hormuz standoff
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What the report says

US Coast Guard vessels and an autonomous surface craft patrol the Strait of Hormuz, April 2023 © U.S. Coast Guard For weeks now, the world economy has been on tenterhooks, waiting for one outcome: reopening the Strait of Hormuz. In response to war with Israel and the United States, Iran has effectively closed the narrow waterway, through which about a fifth of the world’s oil and gas normally passes. Some ships have

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