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WSJ Minute Briefing

The U.S. Blockade of the Strait of Hormuz Has Begun

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 13 April 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Goldman Sachs reports a record quarter in banking and trading. And Google is expected to lose its digital-ad crown to Meta. Anthony Bansie hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:06.8

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0:14.3

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0:17.3

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0:24.2

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0:33.3

Here's our midday brief for Monday, April 13th. I'm Anthony Bansy for the Wall Street Journal.

0:38.6

The U.S. military blockade of the Strait of Hormuz has begun with more than 15 U.S. warships

0:44.6

supporting the operation. Trump is threatening drug boat-style strikes on Iranian ships.

0:50.5

France and the U.K. say they won't participate in the blockade.

0:54.6

Goldman Sachs reports that its first quarter profit jumped 19% to over $5.5 billion.

1:00.8

A resurgence in dealmaking boosted profit, and so did volatile markets.

1:05.8

Goldman posted record revenue in its banking and markets division.

1:09.8

But the bank stock went down in midday trading.

1:12.6

Investors worried that the war in Iran could slow Wall Street's performance for the rest of the year.

1:17.8

And research firm e-marketer projects that meta platforms will surpass Google in net ad revenue this

1:23.8

year, making it the leading digital ad company for the first time.

1:28.1

The firm expects META, the owner of Facebook and Instagram, to rack up more than $243 billion

1:34.1

in ad revenue, edging past Google's total.

1:37.6

The firm says META's ad business is seeing a lift from artificial intelligence and the success

1:43.1

of its short-form video format, Reels.

1:45.9

Google and meta declined to comment.

1:48.3

Heads up and artificial intelligence tool helped us make this episode by creating summaries

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