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Originally published by Capital Business
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business
April 13, 2026
2h ago

Oil back above $100 as US to blockade Iranian ports after peace talks fail

Oil back above $100 as US to blockade Iranian ports after peace talks fail

Global benchmark Brent crude was up by 7.3% at $102.30 (£76.32), while West Texas Intermediate was 8.7% higher at $104.94. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Oil prices surged back above $100 a barrel after US-Iranian peace talks failed and the US announced a blockade of Iranian ports.

  • Brent crude rose 7.3% to $102.30 and West Texas Intermediate was up 8.7% to $104.94.
  • President Donald Trump announced the blockade, to be enforced by US Central Command (Centcom).
  • The blockade targets vessels entering or leaving Iranian ports, impacting global energy markets and Asian stock indexes.

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