Oil prices resume their climb and Asian markets decline as US prepares for blockade of strait

Associated Press

Published: April 12, 2026 at 10:59 PM

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Terrance McCauley works on the floor at the New York Stock Exchange in New York, Tuesday, April 7, 2026. (AP Photo/Seth Wenig)

Ed Curran works on the floor at the New York Stock Exchange in New York, Tuesday, April 7, 2026. (AP Photo/Seth Wenig)

Terrance McCauley works on the floor at the New York Stock Exchange in New York, Tuesday, April 7, 2026. (AP Photo/Seth Wenig)