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Oil surges after failed Iran-US talks, Trump’s blockade announcement

Apr 13, 2026, 03:03 GMT+1

Oil prices jumped sharply on Sunday after Iran-US talks ended without agreement and President Donald Trump announced a naval blockade targeting the Strait of Hormuz from Monday evening local time.

West Texas Intermediate crude rose 8.56 percent to $104.84 per barrel, while Brent crude gained 8.61 percent to $103.38.

The spike reflects mounting market concerns over supply disruptions linked to tensions around the Strait of Hormuz, a key global energy chokepoint through which roughly a fifth of the world’s oil shipments normally pass.

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Spotlight

  • Hardliners push Hormuz ‘red line’ as US blockade tests Iran’s leverage
    INSIGHT

    Hardliners push Hormuz ‘red line’ as US blockade tests Iran’s leverage

  • Ideology may be fading in Iran, but not in Kashmir's ‘Mini Iran'
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    Ideology may be fading in Iran, but not in Kashmir's ‘Mini Iran'

  • War damage amounts to $3,000 per Iranian, with blockade set to add to losses
    INSIGHT

    War damage amounts to $3,000 per Iranian, with blockade set to add to losses

  • Why the $100 billion Hormuz toll revenue is a myth
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    Why the $100 billion Hormuz toll revenue is a myth

  • US blockade targets Iran oil boom amid regional disruption
    ANALYSIS

    US blockade targets Iran oil boom amid regional disruption

  • Iran's digital economy battered by prolonged blackout
    INSIGHT

    Iran's digital economy battered by prolonged blackout

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Trump says Iran ceasefire ‘holding well’

Apr 13, 2026, 02:51 GMT+1

US President Donald Trump said the ceasefire with Iran is “holding well” as Washington prepares to implement a naval blockade targeting Iranian ports.

Trump signaled little urgency about returning to negotiations with Tehran.

“I don’t care” if Iran comes back to the negotiating table, he told reporters at Joint Base Andrews in Maryland. “If they don’t come back, I’m fine.”

He described Iran as being “in very bad shape” and “desperate,” claiming its military had been “destroyed.”

The United States had been “very nice” with Iran, he asserted, because it did not target "too many bridges."

Trump accuses Pope Leo of not mind­ing Iran obtaining a nuclear bomb

Apr 13, 2026, 02:32 GMT+1

US President Donald Trump accused Pope Leo of being weak on Iran and foreign policy in a lengthy post criticizing the pontiff’s views and recent comments about the Trump administration.

“I don’t want a Pope who thinks it’s OK for Iran to have a Nuclear Weapon,” Trump wrote, arguing that the pope’s positions on global issues were misguided.

Trump also called the pontiff “weak on crime” and “terrible for foreign policy,” while criticizing him for speaking about “fear” of the Trump administration.

The US president said the pope should “focus on being a great pope, not a politician,” claiming the Catholic Church was being harmed by what he described as political interventions.

Iranian supertanker delivers crude to India after US waiver

Apr 13, 2026, 01:53 GMT+1

For the first time in seven years, an Iranian VLCC supertanker delivered two million barrels of crude oil to India following a sanctions waiver issued by the US Treasury, according to TankerTrackers.

The vessel, FELICITY, carried the cargo to India for Reliance Industries, whose refinery is based in Sikka.

Additional cargoes totaling a few million barrels are expected to arrive in the coming week, the tracking service said.

Pezeshkian says deal possible if US ‘respects rights of Iranians'

Apr 13, 2026, 00:53 GMT+1

Iran’s President Masoud Pezeshkian said an agreement with the United States remains possible if Washington changes its approach toward Tehran.

“If the American government abandons its totalitarianism and respects the rights of the Iranian nation, ways to reach an agreement will certainly be found,” Pezeshkian wrote on X.

His remarks come after marathon negotiations between Washington and Tehran ended without a deal, despite raising hopes that the talks could produce a framework for de-escalation.

Zoroastrian religious figure arrested in Iran

Apr 13, 2026, 00:38 GMT+1

Hooman Forouhari, a Zoroastrian religious figure, was arrested in Kerman on March 14 by the intelligence branch of Iran’s Revolutionary Guards, according to reports.

A source close to him told Iran International that Forouhari is under severe pressure to give a forced confession.

Forouhari's wife, Minou Mehrbani—a Zoroastrian researcher and cultural activist—was also arrested during the first week of Nowruz.

The couple ran a Telegram channel called “Poyandegan Rah Asha,” which focused on teaching Zoroastrian religious content.

The charges against them have not been announced, and there is no information about their health or current condition.