Oil Prices Breach $100/barrel as Trump Threatens Hormuz Blockade

Thairath•International•18h ago

Reader Briefing

Global oil prices have once again exceeded $100 per barrel, driven by U.S. President Donald Trump's threat to blockade the Strait of Hormuz and pressure Iran.

•Global oil prices surpassed $100 per barrel on Sunday, April 12, 2026.
•The surge followed President Donald Trump's threat to blockade the Strait of Hormuz, targeting Iran.
•Brent crude rose to approximately $102 per barrel, and U.S. crude reached $104 per barrel.
•U.S. Central Command (CENTCOM) announced the blockade would commence on Monday, 10:00 AM U.S. time.

Overview

•On Sunday, April 12, 2026, global oil prices surged past $100 per barrel due to President Donald Trump's statement regarding the Strait of Hormuz.
•President Donald Trump stated, 'We will not allow Iran to make money selling oil to people they like and not selling to people they don't like, or anything like that. It will be all or nothing.'
•U.S. Central Command (CENTCOM) announced the commencement of a blockade of the Strait of Hormuz at 10:00 AM Monday U.S. time.
•President Donald Trump announced the blockade in order to pressure Iran into making a deal with the United States.
•The blockade directive by President Donald Trump caused concerns of further disruption to oil transportation, resulting in rising crude oil prices.
•Brent crude oil prices increased by 8% to approximately $102 per barrel, and U.S. crude oil prices rose by 8% to $104 per barrel.
•Gasoline prices at U.S. service stations remained high, averaging $4.12 per gallon on Sunday, a 38% increase since the start of the conflict.
•CENTCOM clarified that the blockade would be enforced equally on all ships entering or exiting Iranian ports and coastal areas, including those in the Arabian Gulf and Gulf of Oman.

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Key Quotes

Donald Trump

"We will not allow Iran to make money selling oil to people they like and not selling to people they don't like, or anything like that. It will be all or nothing."

เราจะไม่ยอมให้อิหร่านทำเงินจากการขายน้ำมันให้กับคนที่พวกเขาชอบ และไม่ขายให้กับคนที่พวกเขาไม่ชอบ หรืออะไรก็ตามแต่ มันจะต้องเป็นแบบได้ทั้งหมดหรือไม่ก็ไม่ได้เลย

Key Entities

Person

Donald Trump(โดนัลด์ ทรัมป์)ℹ️

U.S. President who threatened to blockade the Strait of Hormuz.

Place

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

Strategic waterway threatened with blockade by U.S. President Donald Trump.

Iran(อิหร่าน)ℹ️

Country targeted by U.S. President Donald Trump's blockade threat in the Strait of Hormuz.

Organization

U.S. Central Command (CENTCOM)(กองบัญชาการกลางสหรัฐฯ)ℹ️

U.S. military command that announced the implementation of the Strait of Hormuz blockade.

Fox Newsℹ️

Media channel that broadcast statements from U.S. President Donald Trump.

Stat

Brent crude oil(ราคาน้ำมันดิบเบรนท์)ℹ️

International benchmark for crude oil prices that rose significantly.

U.S. crude oil(ราคาน้ำมันดิบของสหรัฐฯ)

Indicative crude oil price in the United States that experienced a notable increase.