Skip to main content
See every side of every news story
Published loading...Updated

Oil, US dollar rise as Middle East peace talks collapse

Benchmark Brent crude futures rose 8% to $103 a barrel as failed talks left a fragile ceasefire and Middle East energy exports at risk.

  • On Monday, Benchmark Brent crude futures surged eight per cent to $103 a barrel after marathon US-Iranian talks in Islamabad ended in a stalemate. The failed negotiations leave the fragile US-Iran ceasefire hanging in the balance.
  • The US announced a blockade of Iranian ports and the Hormuz Strait, aiming to halt up to 2 million barrels of Iranian-linked oil flows. MST Marquee analyst Saul Kavonic stated the market has "largely back to conditions before the ceasefire, except now the US will block the remaining up to 2 million barrels Iranian-linked flows through the Strait of Hormuz as well."
  • Asian stock markets fell sharply on Monday, with Japan's Nikkei declining 0.4 per cent and South Korea's KOSPI slumping 1.4 per cent. Risk-sensitive currencies weakened simultaneously, including the Australian dollar falling 0.7 per cent as investors retreated from risky assets.
  • Trump acknowledged that oil prices may remain elevated through upcoming midterm elections, a rare political acknowledgement of war-related costs. Reports indicate his advisers are weighing limited strikes on Iran, which could threaten energy infrastructure across the Middle East.
  • Investors are bracing for the European Central Bank and Bank of England to reverse pre-war rate-cut bets amid resurging inflation fears. Treasury futures sank in early trade, signaling markets now expect tighter monetary policy in response to oil-driven price pressures.
Insights by Ground AI

14 Articles

Pakistan TodayPakistan Today
Reposted by
The Star Kuala LumpurThe Star Kuala Lumpur
Lean Right

Dollar and oil rise as US-Iran peace talks collapse

·Pakistan
Read Full Article
PerthNowPerthNow
+2 Reposted by 2 other sources
Center

Oil, US dollar rise as Middle East peace talks collapse

Oil prices and the US dollar have climbed after American and Iranian negotiators failed to reach a peace agreement on the weekend.

·City of Perth, Australia
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Right
50% Right

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Business Times broke the news on Sunday, April 12, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal