Trump Orders Iran Blockade as Oil Nears $150 in Europe and Stocks Slip
Europe’s immediate-delivery crude surged to nearly $150 a barrel and U.S. stock futures dropped after the U.S. ordered a blockade on Iranian port traffic, set to begin at 1400 GMT. North Sea Forties crude hit a record $148.87, while Brent rose above $100. Shipping through the Gulf showed disruption, with tankers rerouting and Tehran warning of retaliation. Dow, S&P 500, and Nasdaq futures all fell before the open.