Middle East Eye
centerBREAKINGOil tops $100 after US-Iran talks collapse
NEWS SUMMARY
Oil prices surged past $100 per barrel on April 12, 2026, as talks between the United States and Iran collapsed. This development led to Brent crude futures reaching $102.60 and US crude hitting $105.25, with the Strait of Hormuz being a point of contention.
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CONFLICT OVERVIEW
Iran
Internal political tensions, regional proxy conflicts, and international standoffs regarding Iran's nuclear program and geopolitical influence.
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