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economicAug 19, 2026

FTSE 100 Live: Stocks to fall as oil up after Trump claims Hormuz

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FTSE 100 Live: Stocks to fall as oil up after Trump claims Hormuz

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  • currentsapi(Mixed)By Samuel Norman

    FTSE 100 Live: Stocks to fall as oil jumps after Trump claims Strait of Hormuz Welcome back to the City AM liveblog. Oil prices are surging higher for the fourth consecutive session after Donald Trump declared the Strait of Hormuz as US territory. Brent crude – the international

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economicUnverifiedUSIran
1 source

The Japanese Shipowners' Association reportedly estimates that Saudi oil deliveries to Asia could take approximately 100 days round trip if the Bab el-Mandeb Strait is closed, a significant increase from the current 40-day route via the Strait of Hormuz.

This potential disruption, which Asashi notes would raise transportation costs, is described in the source material as following the current blockade of the Strait of Hormuz, an event the article attributes to a US-Iran conflict ongoing since February 28.

Location: Strait of Hormuz
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During the U.S. maritime blockade from April to mid-June, authorities report that over 140 vessels were redirected and nine were disabled near the Strait. These figures, which appear to relate to a specific U.S. initiative, should be independently verified.

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economicUnverifiedIran
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Recent developments since February 2026 suggest ongoing adjustments to its operational structure in response to heightened security threats.

Location: Tehran