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Mon, 13 Apr 2026

Mon, 13 Apr 2026 Oil back above $100 as US to blockade Iranian ports after peace talks fail

The failure of negotiations at the weekend has raised concerns that the global energy crisis will deepen.

* Brent crude: $102.30 (£76.32), up 7.3% from previous day
* West Texas Intermediate (WTI): $104.94, up 8.7% from previous day
* Global energy prices expected to remain elevated due to ongoing Iran-US conflict and potential blockade of Iranian ports
* Major stock indexes in Asia fell on Monday, with Nikkei 225 down 1% and Kospi down 0.8%
* Energy prices have been volatile in recent weeks, with Brent crude sliding to $90 a barrel on April 8 before rising again