India, April 13 -- Oil prices rose above $100 per barrel on Monday as the U.S. military announced that it will implement a blockade in the Strait of Hormuz beginning 10 a.m. ET Monday, as ordered by President Donald Trump, after the weekend peace talks in Pakistan failed.
US Central Command said its forces will begin enforcing the blockade impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman.
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