বাংলাOil Price Hike Global Market has hit a new peak this Monday (April 13, 2026), following President Trump’s announcement of a naval blockade on Iranian ports. According to Al Jazeera, oil prices surged right from the start of trading today, reflecting the high tensions in the Persian Gulf and the failure of recent peace talks.
Energy Crisis: Oil Price Hike Global Market Analysis
Brent crude, the international benchmark, jumped by 7%, reaching $102.29 per barrel. Simultaneously, the Oil Price Hike Global Market saw U.S. West Texas Intermediate (WTI) crude rise by 8%, hitting $104.24 per barrel. This is a massive increase compared to the pre-war price of $70 per barrel recorded in late February. The breakdown of Pakistan-mediated talks has directly triggered this market volatility.
Financial experts warn that the Oil Price Hike Global Market will lead to worldwide inflation and increased shipping costs. As long as the Strait of Hormuz remains under blockade and military posturing continues between the U.S. and Iran, energy prices are expected to remain unstable. Investors are now closely monitoring any further strategic moves in the Middle East that could either ease or worsen the current supply chain crisis.
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Source: Al Jazeera
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