Economy April 13, 2026 06:16 AM

Kremlin Says U.S. Plan to Seal Off Hormuz Will Weigh on Global Markets

Moscow warns that a U.S. move to block ships from Iranian ports and cut roughly two million barrels a day from supply will likely hurt markets, while details remain unclear

By Nina Shah
Kremlin Says U.S. Plan to Seal Off Hormuz Will Weigh on Global Markets

The Kremlin criticized a U.S. announcement that the U.S. military would seal access to Iranian ports in the Strait of Hormuz, saying the action - which would remove about two million barrels of Iranian oil per day from global markets - is likely to have a negative effect on international markets. Kremlin spokesman Dmitry Peskov said the move would probably continue to harm markets but declined further comment because many aspects of the plan remain unclear.

Key Points

  • The U.S. military announced it would block ships entering and leaving Iran's ports starting at 10 a.m. ET (1400 GMT) on Monday.
  • The action is expected to prevent roughly two million barrels of Iranian oil per day from entering global markets, tightening supply.
  • The Kremlin said the move will likely have a negative impact on international markets, though many details of the U.S. plan remain unclear.

The Kremlin on Monday voiced criticism of a U.S. announcement that American forces would block vessel movement to and from Iranian ports via the Strait of Hormuz, saying the measure would exert a negative influence on global markets.

The U.S. military said it would begin preventing ships from entering and leaving Iran's ports at 10 a.m. ET (1400 GMT) on Monday. Officials indicated the step would stop approximately two million barrels of Iranian crude from reaching world markets each day, tightening available supply.

Responding to questions from reporters, Kremlin spokesman Dmitry Peskov said the step is likely to continue to harm international markets. He was quoted as saying:

"Such actions will likely continue to negatively impact international markets. This can be assumed with a high degree of certainty,"

Peskov declined to elaborate further, noting that many specifics of the U.S. plan remained unclear. His remarks signaled Moscow's view that the announced U.S. operation could have palpable market consequences even as the operational details and scope were not fully disclosed.

What is known from the U.S. announcement is limited to the timing and the stated operational goal of blocking vessel traffic to and from Iranian ports, and the estimated effect on crude volumes leaving Iran. The reported prevention of roughly two million barrels per day from entering world markets was described as a development that would further tighten global supply.

The Kremlin's public statement focused on the potential market fallout rather than on operational or military details. Peskov's refusal to comment further underlined the uncertainty surrounding the execution and wider implications of the U.S. measure.


Takeaway - The announcement and Moscow's reaction together underscore two immediate facts: the U.S. says it will act to block Iran's port access at a specified time, and the Kremlin views that action as likely to be detrimental to international markets. Beyond those points, many details remain unspecified and the Kremlin declined to provide further comment.

Risks

  • Tighter crude supply - The reported removal of about two million barrels per day from world markets could increase price pressure in energy markets.
  • Market disruption - The Kremlin warned the U.S. action would likely continue to negatively affect international markets, creating volatility across affected asset classes.
  • Operational uncertainty - Many specifics of the blockade were described as unclear, increasing informational risk for traders, shippers, and oil market participants.

More from Economy

U.S. Forces Announce Blockade East of Strait of Hormuz Covering Gulf of Oman and Arabian Sea Apr 13, 2026 Euro-area yields climb as oil jump and failed truce lift odds of another ECB hike Apr 13, 2026 Hedge funds pivot to long equity bets before US-Iran talks, Goldman notes show Apr 13, 2026 UBS Lowers 2026 UK Growth Forecast as Energy Shock Lifts Prices Apr 13, 2026 China’s March lending rise falls short of forecasts as PBOC shows no rush to loosen policy Apr 13, 2026