Business Rundown: Markets on Edge Over Strait of Hormuz

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.4 • 1.7K Ratings

🗓️ 13 April 2026

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Oil prices are surging once again following Vice President J.D. Vance’s departure from Iranian negotiations without a deal. In a swift escalation, President Trump has ordered the U.S. military to blockade the Strait of Hormuz, sending global markets into a tailspin. As a tenuous ceasefire hangs in the balance, Rosecliff Founder and CEO Mike Murphy joins FOX Business Network’s Taylor Riggs to break down the market’s reaction to these seismic geopolitical shifts. . They also speak about the integration of artificial intelligence in the workplace, and where billionaires are finding themselves amid the dynamic workforce. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Selling your car can be super simple.
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0:08.0	Just bring along your final settlement agreement.
0:10.0	If only they could make parallel parking simpler.
0:13.0	To the right bit, mate.
0:15.0	Yeah, back. Back a bit more. A bit more.
0:18.0	Oh, no, too far.
0:21.8	We buy any car.
0:23.0	Selling made simple.
0:27.1	To sell your car today, enter your reg number now at we buy any car.com.
0:33.1	I'm Taylor Riggs and this is the Fox Business Rundown. Monday, April 13, 26.
0:40.6	A showdown in the Strait of Hormuz as President Trump orders the United States military
0:45.3	to blockade Iran's ports in the vital waterway.
0:49.2	What was President Trump's motivation?
0:51.2	Did he want money?
0:52.8	Did he want power? Did he want to take their oil? No,
0:56.0	no, and no. He did it to make America safer. In his latest move, President Trump ordered
1:02.3	military assets to blockade the Strait of Hormuz, putting more pressure on Iran. The blockade
1:08.5	would hold even more oil off the global market after traffic restrictions
1:12.9	slowed down the flow heavily in the vital checkpoint. As the markets reacted, oil prices
1:18.3	climbed back above $100 per barrel. The president told Maria Baderomo on Sunday that prices are,
1:24.1	quote, going to go down when this is all over. Now this all comes after Vice President
	...

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