Brief by Shorts91 Newsdesk / 07:32am on 13 Apr 2026,Monday International
Oil prices rose above $100 a barrel after the United States said it will blockade Iranian ports. Donald Trump announced the move after talks with Iran failed. Brent crude reached $102, while US oil crossed $104. The Strait of Hormuz remains tense, as shipments stay disrupted. About one-fifth of global oil passes through this route. Analysts said prices may stay high if conflict continues. Asian markets also fell due to uncertainty. Iran warned it will not accept threats, raising fears of further escalation in the region. (PC: Reuters)
