{"id":56516,"date":"2026-04-13T02:42:44","date_gmt":"2026-04-13T02:42:44","guid":{"rendered":"https:\/\/gyalchisarshog.com\/?p=56516"},"modified":"2026-04-13T02:42:53","modified_gmt":"2026-04-13T02:42:53","slug":"oil-back-above-100-as-us-to-blockade-iranian-ports-after-peace-talks-fail","status":"publish","type":"post","link":"https:\/\/gyalchisarshog.com\/?p=56516","title":{"rendered":"Oil back above $100 as US to blockade Iranian ports after peace talks fail"},"content":{"rendered":"\n

BBC: <\/p>\n\n\n\n

Oil prices rose back above $100 a barrel as energy markets reopened in Asia on Monday after talks between the US and Iran ended without a new deal and President Donald Trump said he would blockade Iranian ports.<\/p>\n\n\n\n

Global benchmark Brent crude is up by 8.5% at $102.37 (\u00a377.15), while West Texas Intermediate is 9% higher at $105.34.<\/p>\n\n\n\n

The failure of negotiations at the weekend has raised concerns<\/a> that the global energy crisis will deepen.<\/p>\n\n\n\n

The price of oil plunged well below $100 last Wednesday<\/a> after Washington and Tehran agreed to a conditional two-week ceasefire deal that includes the opening of the key Strait of Hormuz trade waterway.<\/p>\n\n\n\n

The strait, through which a fifth of the world’s energy shipments pass, has become a key flashpoint of the Iran war after Tehran retaliated against the US-Israeli strikes by threatening to attack vessels that try to use it.<\/p>\n\n\n\n

Shipments have largely been at a standstill since the conflict started on 28 February, though some countries like India and Malaysia have negotiated safe passage for their vessels<\/a>.<\/p>\n\n\n\n

The disruption has led to energy prices surging around the world<\/a>.<\/p>\n\n\n\n

Major stock indexes in Asia slipped in morning trade on Monday.<\/p>\n\n\n\n

The Nikkei 225 in Japan fell by 0.8%, while South Korea’s Kospi was down by 1.8%.<\/p>\n\n\n\n

Countries in Asia have been hit especially hard by the fallout of the Iran war as they are heavily reliant on oil from the Middle East.<\/p>\n\n\n\n

US stock futures also pointed to a lower open for Wall Street shares.<\/p>\n\n\n\n

Stock futures are an agreement between investors to buy or sell an asset at a certain time in the future at a set price and can indicate the direction of a market.<\/p>\n\n\n\n

Energy prices and financial markets around the world have seen big swings in recent weeks as investors react to developments in the conflict.<\/p>\n\n\n\n

Brent crude slid to about $90 a barrel on 8 April after the US and Iran agreed a conditional two-week ceasefire that included the reopening of the Strait of Hormuz.<\/p>\n\n\n\n

Prices have been volatile since then as doubts grew over whether the ceasefire would last and as Israeli strikes on Lebanon continued.<\/p>\n","protected":false},"excerpt":{"rendered":"

BBC: Oil prices rose back above $100 a barrel as energy markets reopened in Asia on Monday after talks between the US and Iran ended without a new deal and President Donald Trump said he would blockade Iranian ports. Global benchmark Brent crude is up by 8.5% at $102.37 (\u00a377.15), while West Texas Intermediate is 9% higher at $105.34. The failure of negotiations at the weekend has raised concerns that the global energy crisis will deepen. The price of oil plunged well below $100 last Wednesday after Washington and Tehran agreed to a conditional two-week ceasefire deal that includes the opening of the key… <\/p>\n","protected":false},"author":1,"featured_media":56517,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-56516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/56516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56516"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/56516\/revisions"}],"predecessor-version":[{"id":56518,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/56516\/revisions\/56518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/56517"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}