Iran, U.S. Trade Threats After Peace Talks Collapse

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 13 April 2026

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for April 13. The U.S. plan to blockade the Strait of Hormuz sets up a risky new showdown that could draw American forces into a prolonged conflict over the strategic waterway, while compounding the economic damage caused by the conflict. Plus, Trump ally Viktor Orban loses Hungary’s election in a historic landslide. WSJ correspondent Matthew Luxmoore has the latest from Budapest. And California Rep. Eric Swalwell faces pressure to leave the House, after suspending his governor campaign following sexual misconduct allegations. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I think the potential of Agenic is to rethink how work gets done overall.
0:05.0	It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand.
0:11.3	That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI.
0:17.9	Join him later to learn why agents are a game changer for businesses across industries.
0:25.4	The U.S. threatens to blockade the Strait of Hormuz, setting up a new showdown with Iran.
0:31.5	Plus, oil surges, and economists warn of higher inflation and slowing U.S. growth as hopes for a quick end to the war fade,
0:39.6	and Trump ally Victor Orban loses Hungary's election in a historic landslide.
0:44.9	It's really been seen as a race between the choice of Europe, on one hand, and Russia on the other.
0:53.3	It's Monday, April 13th.
0:54.8	I'm Luke Vargas for the Wall Street Journal,
0:56.6	and here is the AM edition of What's News,
0:59.5	the top headlines and business stories moving your world today.
1:05.0	A U.S. blockade of the Strait of Hormuz
1:08.0	is due to take effect this morning at 10 a.m. Eastern.
1:11.2	Donald Trump has said that all exports and all vessels coming out of Iranian ports for one week
1:18.4	would be blocked. Iran cannot export crude oil, which it has continued to do. And that could
1:23.8	involve as well deliveries of food. That's journal correspondent Benoit Foucahn.
1:29.6	The blockade comes after peace talks between the U.S. and Iran this weekend stalled,
1:34.1	with Trump saying that he doesn't care whether Tehran returns for another round of negotiations.
1:38.5	So basically, the talks between the U.S. and Iran to end the war effectively collapsed because of very different
1:46.7	demands on both sides.
1:48.8	The US wants a long-term abandonment and dismantling of the Iran nuclear enrichment facilities
	...

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