Coverage of india summons iranian ambassador over attack on indian merchant ships. Iran’s April 18 re-closure of the Strait of Hormuz reshapes the energy risk landscape. With the U.S.-Iran ceasefire expiring Tuesday April 21, traders and governments are watching closely.
Roughly 20% of global seaborne oil normally transits the strait. Iranian Revolutionary Guard forces have warned that approaching vessels will be treated as “cooperating with the enemy.” Gunboats have fired on Indian-flagged ships and a container vessel was hit by a projectile off Oman.
Trump aboard Air Force One Friday night: “Maybe I won’t extend it, so you’ll have a blockade and unfortunately we’ll have to start dropping bombs again.” Pakistan is mediating a second round of negotiations next week in Islamabad.
AAA national gas average is at $4.058 — down 7.7 cents week-over-week. Monday’s crude trading will set direction for pump prices over the coming days. Shell, Cheniere, and Aramco are adjusting operations based on the reopened uncertainty.