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Oil prices jump after Trump announces U.S. blockade of the Strait of Hormuz

Name: Oil prices jump after Trump announces U.S. blockade of the Strait of Hormuz
Uploaded: 2026-04-13T11:36:00-0400
Duration: 3 min 27 s
Description: Neil Irwin, chief economic correspondent at Axios, joins CBS News 24/7 to break down the jump in oil prices after President Trump announced the U.S. would blockade Iranian ports in the Strait of Hormuz.

Neil Irwin, chief economic correspondent at Axios, joins CBS News 24/7 to break down the jump in oil prices after President Trump announced the U.S. would blockade Iranian ports in the Strait of Hormuz.