Ceasefire hopes fade. Blockade begins. Oil spikes past $100. Markets are repricing.
April 13 close: Dow ▼269 pts (-0.56%). S&P ▼0.11%. Nasdaq ▲0.35% (tech rebound).
Oil: WTI $101.54 (+5.15%), Brent ~$100 (+5.41%). Gold $4,729/oz (safe-haven fails). DXY at 99.18 (+0.46%), one-week high.
Geopolitics: Netanyahu warns Iran ceasefire may end "soon." U.S.-Iran talks collapse; Trump orders naval blockade. Iran: "No Gulf port safe." Israel on high alert.
Outlook: Pakistan, Egypt, Turkey still pushing dialogue.
Bottom line: Risk-off, but markets adjusting. Watch oil & dollar.