President Donald Trump speaks with reporters at Joint Base Andrews, Md., Sunday, April 12, 2026, after he returned from Miami. (Image Credit: AP Photo/Julia Demaree Nikhinson)
U.S. to block Strait of Hormuz
S&P/TSX composite up, oil tops US$100 as U.S. prepares blockade
Apr 13, 2026 | 8:50 AM
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Canada’s main stock index was up in early trading and oil climbed higher to top US$100 a barrel as the U.S. military prepared to blockade Iranian ports and the Strait of Hormuz after ceasefire talks on the weekend ended without an agreement.
Meanwhile, Iran has responded with threats on all ports in the Persian Gulf and the Gulf of Oman.
The S&P/TSX composite index was up 17.69 points at 33,713.45 in early trading after opening down on the day.
In New York, the Dow Jones industrial average was down 247.47 points at 47,669.10. The S&P 500 index was up 1.26 points at 6,818.15, while the Nasdaq composite was up 60.68 points at 22,963.57.
