Trending Now - Us-iran Negotiation Breakdown Sparks Concerns Over Rising Oil Prices

WHO:

The Guardian - US Vice President JD Vance stated that he left Islamabad on Sunday morning after 21 hours of talks with Iranian officials.

NBC News - President Trump reiterated that Iranian civilization “will die” unless the regime caves to his demands.

The Guardian - US Vice President JD Vance stated that his team had been very clear on its red lines during the negotiations.

The Guardian - Iranian Deputy Parliament Speaker Haji Babaei claimed that the shipping passage is “completely” under Iranian control.

The Guardian - US Vice President JD Vance, President Trump, Iranian Deputy Parliament Speaker Haji Babaei, market analyst Tony Sycamore, economist Wei Yao, and IMF Managing Director Kristalina Georgieva are involved in the situation.

WHAT:

The Guardian - The oil price is expected to rise to about $98 a barrel when trading begins on April 16th, 2026, from about $96.50 on April 14th, 2026.

NBC News - Trump stated that the price of oil may be “a little bit higher” following the collapse of the peace talks.

The Guardian - Saudi Arabia reported that its east-west oil pipeline and other facilities had been restored following attacks, which had caused a loss of approximately 700,000 barrels per day of pumping capacity.

The Guardian - Three supertankers fully laden with oil passed through the Strait of Hormuz on April 10th, 2026, marking the first vessels to exit the Gulf since the ceasefire deal.

The Guardian - The IMF’s managing director, Kristalina Georgieva, has indicated that the fund will present three scenarios this week, all of which predict lower economic growth and higher inflation.

The Guardian - The oil price is expected to rise to about $98 a barrel when trading begins on April 16th, 2026, from about $96.50 on April 14th, 2026.

The Guardian - Oil prices fluctuated last week and fell below $100 a barrel on April 10th, 2026, after a two-week ceasefire was announced. They ended the week lower, with Brent crude at $94.26 a barrel, compared to a peak of $119.45 during the war and about $72 a barrel before the conflict began.

The Guardian - During the talks in Islamabad, three supertankers fully laden with oil passed through the Strait of Hormuz on April 10th, 2026, most likely headed to China. These were the first vessels to exit the Gulf since the ceasefire deal.

The Guardian - The US is set to start blockading the Strait of Hormuz, which has been effectively closed by Iran, according to Trump.

NBC News - Trump stated that the price of oil may be “a little bit higher” following the collapse of the peace talks.

The Guardian - The Iranian deputy parliament speaker, Haji Babaei, stated that tolls must be paid in the country’s currency, rials, for passage through the Strait of Hormuz.

The Guardian - The US navy is set to blockade the Strait of Hormuz and destroy mines laid by Iran, according to President Trump.

The Guardian - The ceasefire was announced on April 5th, 2026, and is set to expire on April 22nd, 2026.

The Guardian - The war began on February 28th, 2026, with US and Israeli airstrikes on Tehran.

The Guardian - The peace talks occurred over the weekend of April 10th-11th, 2026.

The Guardian - Three supertankers fully laden with oil passed through the Strait of Hormuz on April 10th, 2026, marking the first vessels to exit the Gulf since the ceasefire deal.

The Guardian - Analysts at JPMorgan Chase expect oil prices to stay above $100 a barrel in the second quarter of 2026 before easing in the second half of the year.

The Guardian - Concerns have arisen regarding the long-term impact of rising inflation following the increase in oil and gas prices since the start of the war.

The Guardian - The collapse of the talks was attributed to Tehran’s refusal to abandon its nuclear weapons program and “excessive” demands from Washington.

The Guardian - The US navy is set to start “destroying the mines the Iranians laid in the straits,” according to President Trump.

The Guardian - President Trump stated that any Iranian who fires at the US or at “peaceful vessels will be blown to hell.”

The Guardian - The week had started with Trump’s apocalyptic threat to Iran that “a whole civilisation will die tonight, never to be brought back again” by bombing the country’s power stations and bridges.

The Guardian - Global stock markets rebounded after the temporary ceasefire was announced.

The Guardian - The US is set to start blockading the Strait of Hormuz, which has been effectively closed by Iran, according to Trump.

The Guardian - The oil price is expected to rise to about $98 a barrel when trading begins on April 16th, 2026, from about $96.50 on April 14th, 2026.

The Guardian - Three supertankers fully laden with oil passed through the Strait of Hormuz on April 10th, 2026, marking the first vessels to exit the Gulf since the ceasefire deal.

NBC News - Trump stated that the price of oil may be “a little bit higher” following the collapse of the peace talks.

The Guardian - The Iranian deputy parliament speaker, Haji Babaei, stated that tolls must be paid in the country’s currency, rials, for passage through the Strait of Hormuz.

The Guardian - Analysts at JPMorgan Chase expect oil prices to stay above $100 a barrel in the second quarter of 2026 before easing in the second half of the year.

The Guardian - The two-week truce is set to expire on April 22nd, 2026.

The Guardian - The peace talks occurred over the weekend of April 10th-11th, 2026.

The Guardian - The war began on February 28th, 2026, with US and Israeli airstrikes on Tehran.

The Guardian - The US is set to start “BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,” according to Trump.

The Guardian - Oil prices are expected to rise to about $98 a barrel when trading begins on April 16th, 2026, from about $96.50 on April 14th, 2026.

The Guardian - Three supertankers fully laden with oil passed through the Strait of Hormuz on April 10th, 2026, marking the first vessels to exit the Gulf since the ceasefire deal.

NBC News - Trump stated that the price of oil may be “a little bit higher” following the collapse of the peace talks.

The Guardian - The US navy is set to blockade the Strait of Hormuz and destroy mines laid by Iran, according to President Trump.

The Guardian - The Iranian deputy parliament speaker, Haji Babaei, stated that tolls must be paid in the country’s currency, rials, for passage through the Strait of Hormuz.

The Guardian - Oil prices are expected to rise to about $98 a barrel when trading begins on April 16th, 2026, from about $96.50 on April 14th, 2026.

The Guardian - The US navy is set to start “BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,” according to Trump.

The Guardian - Oil prices fluctuated last week and fell below $100 a barrel on April 10th, 2026, after a two-week ceasefire was announced.

The Guardian - Brent crude oil ended the week at $94.26 a barrel, compared to a peak of $119.45 during the war and about $72 a barrel before the conflict began.

The Guardian - The US navy is set to blockade the Strait of Hormuz and destroy mines laid by Iran, according to President Trump.

The Guardian - Three supertankers fully laden with oil passed through the Strait of Hormuz on April 10th, 2026, likely headed to China, marking the first vessels to exit the Gulf since the ceasefire deal.

The Guardian - Oil prices are expected to rise to about $98 a barrel when trading begins on April 10th, 2026, from about $96.50 on April 8th, 2026.

NBC News - Trump stated that Iranian civilization “will die” unless the regime caves to his demands.

The Guardian - Analysts at JPMorgan Chase expect oil prices to stay above $100 a barrel in the second quarter of 2026 before easing in the second half of the year.

The Guardian - The two-week truce is set to expire on April 22nd, 2026.

The Guardian - The US and Iran failed to reach a peace deal after negotiations, leading to concerns about rising oil and gas prices.

NBC News - President Trump stated that the price of oil may be “a little bit higher” following the collapse of the peace talks.

The Guardian - Oil prices are expected to rise to about $98 a barrel from $96.50, according to market indicators.

The Guardian - Brent crude oil ended the week at $94.26 a barrel, down from a peak of $119.45 during the war.

The Guardian - Saudi Arabia reported a loss of approximately 700,000 barrels per day of pumping capacity due to attacks on its infrastructure.

WHERE:

The Guardian - The negotiations took place in Islamabad, Pakistan, and the Strait of Hormuz is a key shipping passage involved in the conflict.

The Guardian - The weekend market for US crude oil operated by the broker IG is located in the UK.

WHEN:

The Guardian - The ceasefire was announced on April 5th, 2026, and is set to expire on April 22nd, 2026.

The Guardian - The peace talks occurred over the weekend of April 10th-11th, 2026.

The Guardian - The war began on February 28th, 2026, with US and Israeli airstrikes on Tehran.

ABC News World - The current two-week truce is set to expire on April 22nd, 2026.

The Guardian - The ceasefire was announced on April 5th, 2026, and is set to expire on April 22nd, 2026.

ABC News World - The current two-week truce is set to expire on April 22nd, 2026.

The Guardian - The war began on February 28th, 2026, with US and Israeli airstrikes on Tehran.

The Guardian - The peace talks occurred over the weekend of April 10th-11th, 2026.

The Guardian - The ceasefire was announced on April 5th, 2026, and lasted for two weeks.

WHY:

The Guardian - Governments have grown concerned at the long-term impact of rising inflation following the jump in oil and gas prices since the start of the war. Central banks have indicated that previous expectations of cuts in interest rates would need to be re-examined, with financial markets pricing in interest rate increases instead.

The Guardian - The collapse of the talks was attributed to Tehran’s refusal to abandon its nuclear weapons program and “excessive” demands from Washington.

The Guardian - Concerns about rising inflation and the impact of increased oil prices on the global economy have prompted central banks to reconsider interest rate cuts.

The Guardian - Concerns have arisen regarding the long-term impact of rising inflation following the increase in oil and gas prices since the start of the war.

The Guardian - The collapse of the talks was attributed to Tehran’s refusal to abandon its nuclear weapons program and “excessive” demands from Washington.

The Guardian - Concerns about rising inflation and the impact of increased oil prices on the global economy have prompted central banks to reconsider interest rate cuts.

HOW:

The Guardian - Mohamed El-Erian, an adviser to the German insurer Allianz, stated that uncertainty would continue to dominate assessments of the financial impact from the war, emphasizing that absent a swift resumption of negotiations, financial markets would react by pushing oil prices higher and borrowing costs higher.

The Guardian - President Trump stated that the US navy would start “destroying the mines the Iranians laid in the straits.”

NBC News - Trump reiterated that Iranian civilization “will die” unless the regime caves to his demands.

The Guardian - President Trump stated that any Iranian who fires at the US or at “peaceful vessels will be blown to hell.”

The Guardian - Trump announced plans for the US navy to blockade the Strait of Hormuz and destroy mines laid by Iran, stating that any Iranian who fires at the US or at “peaceful vessels will be blown to hell.”

The Guardian - President Trump announced plans for the US navy to blockade the Strait of Hormuz and destroy mines laid by Iran.

The Guardian - Three supertankers fully laden with oil passed through the Strait of Hormuz on April 10th, 2026, likely headed to China.

(UPDATED April 14, 2026 09:18 UTC)

Oil prices are expected to rise to about $98 a barrel when trading begins April 16th, moving up from approximately $96.50 on Tuesday, as President Trump noted that the price may be “a little bit higher” following the collapse of peace talks. Meanwhile, Saudi Arabia has reported the restoration of its east-west oil pipeline and other facilities after attacks that had previously cut its pumping capacity by around 700,000 barrels per day. The International Monetary Fund's managing director, Kristalina Georgieva, is set to present three scenarios this week, all predicting lower economic growth and higher inflation, as concerns grow over the long-term impact of rising oil and gas prices since the start of the war.

(UPDATED April 14, 2026 03:59 UTC)

Oil prices are expected to rise to about $98 a barrel when trading begins April 16th, up from around $96.50 on Tuesday, following fluctuations that saw prices dip below $100 last week. During the ceasefire talks in Islamabad, three supertankers laden with oil passed through the Strait of Hormuz, marking the first vessels to leave the Gulf since the agreement was reached. Concerns over rising inflation have prompted central banks to reconsider previous expectations for interest rate cuts, with financial markets now anticipating increases instead.

(UPDATED April 14, 2026 01:20 UTC)

President Trump announced that the US is set to blockade the Strait of Hormuz, which has been effectively closed by Iran, and the navy will begin destroying mines laid in the strait. The collapse of recent peace talks, which took place over the weekend, was attributed to Tehran's refusal to abandon its nuclear weapons program and what Trump described as excessive demands from Washington. Following the ceasefire announced April 5th, the price of oil is expected to rise, with analysts predicting it will remain above $100 a barrel in the coming months.

(UPDATED April 13, 2026 23:11 UTC)

President Trump announced that the U.S. is set to begin blockading the Strait of Hormuz, which has been effectively closed by Iran, as tensions escalate following the collapse of peace talks over the weekend. This situation has led analysts to predict that oil prices could rise to about $98 a barrel when trading resumes April 16th, up from approximately $96.50, with concerns about inflation prompting central banks to rethink interest rate cuts. In response to the conflict, Trump stated that the U.S. Navy would start destroying the mines laid by the Iranians in the strait.

(UPDATED April 13, 2026 21:13 UTC)

President Trump announced that the U.S. will begin blockading any ships attempting to enter or leave the Strait of Hormuz, a move expected to drive oil prices up to about $98 a barrel when trading starts April 16th. This announcement follows the passage of three supertankers through the strait on Friday, marking the first vessels to exit the Gulf since the ceasefire deal, while Saudi Arabia has restored its east-west oil pipeline after recent attacks. With the current two-week truce set to expire April 22nd, concerns are growing over the long-term effects of rising inflation linked to increasing oil and gas prices.

(UPDATED April 13, 2026 19:23 UTC)

US Vice President JD Vance has just returned from Islamabad after 21 hours of discussions with Iranian officials, while President Trump has made a bold statement, warning that Iranian civilization “will die” unless the regime meets his demands. In a significant move, Trump announced that the US navy will blockade the Strait of Hormuz and begin destroying mines laid by Iran, which has led to predictions that oil prices could rise to about $98 a barrel when trading resumes April 16th. Meanwhile, the Iranian deputy parliament speaker has indicated that tolls for passage through the Strait must be paid in rials, as concerns grow over the long-term effects of rising inflation linked to increasing oil and gas prices since the war began.

(UPDATED April 13, 2026 17:20 UTC)

US Vice President JD Vance emphasized that his team has been very clear about its red lines during ongoing negotiations, while Iranian Deputy Parliament Speaker Haji Babaei asserted that the shipping passage is completely under Iranian control. In a bold move, Trump announced that the US Navy is set to blockade any ships attempting to enter or leave the Strait of Hormuz, as Saudi Arabia reported the restoration of its east-west oil pipeline after recent attacks that had significantly reduced its pumping capacity. With a two-week truce set to expire April 22nd, concerns are growing over the long-term effects of rising inflation linked to increased oil and gas prices since the start of the war, as Trump warned that Iranian civilization "will die" unless the regime meets his demands.

(UPDATED April 13, 2026 15:20 UTC)

Oil prices fell below $100 a barrel on Friday, following the announcement of a two-week ceasefire, with Brent crude ending the week at $94.26 after peaking at $119.45 during the conflict. Three supertankers fully laden with oil passed through the Strait of Hormuz on the same day, marking the first vessels to exit the Gulf since the ceasefire deal, while President Trump announced plans for the US navy to blockade the strait and destroy mines laid by Iran. Trump also issued a stark warning, stating that any Iranian who fires at the US or peaceful vessels will be "blown to hell."

(UPDATED April 13, 2026 11:19 UTC)

Oil prices are anticipated to rise to around $98 a barrel when trading begins on Friday, up from about $96.50 just two days earlier, with analysts at JPMorgan Chase predicting prices will remain above $100 in the second quarter before easing later in the year. In a recent statement, Trump warned that Iranian civilization “will die” unless the regime meets his demands, while also announcing plans for the U.S. Navy to blockade the Strait of Hormuz and eliminate mines laid by Iran. The two-week truce in the region is set to expire April 22nd, adding urgency to the ongoing tensions.

(UPDATED April 13, 2026 09:27 UTC)

US Vice President JD Vance, President Trump, and Iranian Deputy Parliament Speaker Haji Babaei were among those involved in negotiations that ultimately failed to secure a peace deal over the weekend, raising concerns about rising oil and gas prices. Following the collapse of talks, President Trump indicated that oil prices may increase, with market indicators suggesting a rise to about $98 a barrel from $96.50, while Brent crude ended the week at $94.26 a barrel. The negotiations took place in Islamabad, and President Trump has announced plans for the US navy to blockade the Strait of Hormuz, a crucial shipping passage, as tensions continue to escalate.