RAMALLAH, April 13, 2026 (WAFA) – Oil prices rose sharply, while global markets experienced volatility, following the collapse of talks between the United States and Iran.

Brent crude futures jumped 7.3% to $102 a barrel, driven by US measures aimed at restricting Iranian shipping, which heightened concerns about energy supplies from the Middle East, particularly through the Strait of Hormuz.

Conversely, S&P 500 futures fell 0.7% during Asian trading, and European stocks declined by about 1.3%, amid global market anxiety.

Bond markets also declined, with bond yields rising, reaching their highest level in 29 years.

These developments come amid escalating geopolitical tensions, reinforcing fears that oil prices will remain high for an extended period, thus increasing inflationary pressures globally.

K.T