WTI Crude Oil Gaps Up Nearly 10% as US-Iran Talks Fail

BlockBeats News, April 13th, according to Bitget market data, WTI crude oil gapped up nearly 10%, recovering most of last week's decline, now priced at $104.88.

On the news front, the U.S.-Iran talks have failed. Trump stated, "Due to Iran's actions in the Strait of Hormuz, the whole world is relying on the United States for oil. Tomorrow at 10 o'clock (referring to 10 p.m. East Eight District tonight), we will implement blocking measures, and other countries are also working hard to ensure that Iran cannot sell oil. The effect will be very good! Many ships are heading to our country, refueling the ships, then leaving and transporting the oil, so they will not pass through the Strait of Hormuz, and this problem will eventually be resolved.

The whole world is relying on the United States. Thanks to the 'drill, baby, drill' campaign, our oil reserves have increased, and our oil reserves are greater than the combined total of Russia and Saudi Arabia. The current situation is that ships are coming one after another, refueling without the need to pass through the Strait of Hormuz anymore!"