Oil prices climb above $100 as tensions escalate13 April 13 April
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Peter HoskinsBusiness reporter, Singapore Oil prices jumped above $100 a barrel as energy markets reopened after talks between the US and Iran ended without a new deal and Donald Trump said he would blockade Iranian ports. Global benchmark Brent crude is up by 7.5% at $102.37, while West Texas Intermediate is 8.3% higher at $104.56. The failure of negotiations at the weekend raises concerns that the war will continue to deepen the energy crisis. Read more here.
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