US launched a second‑day naval blockade of Iranian ports on 14 April 2026, deploying 16 warships and restricting Gulf traffic.
Blockade threatens Strait of Hormuz oil flow, pushing Brent to $98.47/barrel (‑0.9%) and WTI to $97.07/barrel (‑2.0%).
US‑Iran peace talks show progress, with Pakistan mediating, US demanding 20‑year uranium enrichment halt, and Vance urging reopening of Hormuz.
Saudi Arabia opposes blockade, Iran labels it piracy, while analysts note USD pressure and market optimism for de‑escalation.