[Trump Plans to Extend Iran Blockade for Several Months, U.S. Treasury Bonds Fall in Response] Jin10 News, April 29 – White House officials stated that Trump met with oil company executives on Tuesday to discuss the possibility of extending the blockade of the Strait of Hormuz for several months if necessary. Already under pressure, U.S. Treasury bond prices fell upon hearing the news. Brent crude oil continued to climb in response to the news, with intraday gains at one point expanding to 5%, further impacting the Treasury bond market. Commodity Trading Advisors (CTAs) covered profitable short positions after the data was released, then resumed selling. As support levels across various maturities of the yield curve were breached, algorithmic trading took the lead.