Apr 13th, 2026

Oil Rises as Trump Threatens to Blockade Hormuz; Bank Earnings Kick Off | Bloomberg Brief 4/13/2026

Global stocks and bonds slide as oil rallies back above $100 a barrel as President Trump vows to blockade the Strait of Hormuz and Iran warns that ports in and around the Persian Gulf will not be safe. Goldman Sachs set to kick off bank earnings. Ella Gude of BNY Investments Newton sees pressure for yields to persist.