Blockade Threat Shakes Oil Markets | Bloomberg Open Interest 4/13/2026

Geopolitical tensions surged as President Trump threatened military strikes against Iranian vessels in the Strait of Hormuz, triggering a spike in oil prices above $100 per barrel and destabilizing global markets. Goldman Sachs reported a sharp decline in bond trading revenue, contrasting with strong equity performance, as Wall Street’s earnings season began with mixed results and heightened uncertainty. Geopolitical analyst Leslie Vinjamuri assessed escalating Middle East risks, warning of potential supply chain disruptions and broader economic fallout from the Strait of Hormuz conflict. KBW’s Chris McGratty highlighted volatility in banking sectors, citing shifting investor sentiment amid geopolitical strains and uneven earnings, particularly in fixed-income divisions. Slate Auto CEO Peter Faricy unveiled plans to disrupt the EV market with a $20,000 electric pickup, targeting affordability as traditional automakers face supply and pricing pressures.