Iran Blockade Announced, Oil Prices Surge, USD Rallies

1. Crude oil surged over $7 per barrel after the U.S. announced a blockade of all maritime traffic to and from Iranian ports starting April 13.
2. The U.S. Dollar strengthened significantly against major currencies like the Euro, Pound, and Australian Dollar amid escalating geopolitical tensions.
3. Gold and silver prices plummeted sharply, falling over 2% and 3% respectively, pressured by the strong rally in the U.S. Dollar.