Commodities

Aluminum Jumps to Four-Year High on Trump’s Blockade of Hormuz

WATCH: “Even if the conflict ends tomorrow, bringing that capacity back to the market can take six and up to 12 months,” ING strategist Ewa Manthey says.Source: Bloomberg

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By Bloomberg News

April 13, 2026 at 3:03 AM UTC

Updated on

April 13, 2026 at 5:17 PM UTC

Aluminum jumped to a four-year high in London, as US President Donald Trump’s blockade of Iranian ports threatened more disruptions to shipments from the Persian Gulf.

The lightweight metal rose 3.1% to settle at $3,607.50 a metric ton on the London Metal Exchange, reigniting a rally driven by supply shortages due to the Middle East war. Trump ordered a blockade of the Strait of Hormuz following the weekend’s deadlock in US-Iran peace talks.