The price of a barrel of oil once again broke US$100 after the round of negotiations between the United States and Iran in Pakistan over the weekend ended without an agreement and with the US decision to. On Sunday (April 12, 2026), the value of the commodity soared 8.3%, reaching US$103.11. This Monday (April 13), the barrel opened the day trading at US$ 103.06.
The lack of an agreement in Pakistan has once again stressed the markets. A positive outcome could keep the value of the main global commodity below US$ 100. On Wednesday (April 8), the day after the ceasefire was announced, a barrel of oil fell to US$ 94.75, the lowest value since March 11. However, the US decision to implement a new blockade and the Iranian confirmation of a toll on ships passing through the Strait of Hormuz put pressure on the oil market again.
This will be the case for all vessels entering or leaving Iran’s ports and coastal areas from 11am (Brasília time) this Monday. This strategy puts pressure on countries that trade Iranian oil, such as China and India. US Central Command did not detail how this blockade will be carried out.
The Iranian toll was confirmed on Saturday (11 April). In an interview given to the newspaper Russia Today, The head of Iran’s Parliamentary Security Commission, Ebrahim Azizi, stated that the Iranian government should manage and control entry into the strait based on national interests.
The President of the USA, (Republican Party), called the Iranian toll a “global extortion” and said that attacks against the US Navy during this new blockade will be harshly retaliated against. “Any Iranian who fires at us, or at peaceful vessels, will be blown to hell!”he said. Free passage through Hormuz was one of the points agreed between the USA and Iran to maintain the ceasefire in the Middle East.
ASIAN STOCK EXCHANGES RECEIVE
The increase in tensions in the Middle East also impacted Asian stock markets this Monday (April 13). The main indices on the continent opened lower. Read the list below:
- Shanghai (China): -0.30%;
- CSI 1000 (China): -0.01%;
- Hang Seng (Hong Kong): -1.23%;
- Nikkei 225 (Japan): -1.09%;
- Kospi (South Korea): -1.12%;
- Nifty 50 (India): -1.55%;
- BSE Sensex (India): -1.78%.
