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US-Iran Talks Fail, Oil Prices Expected to Surge Above $100

4/13/2026

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Story summary
  • The United States and Iran failed to reach a peace deal after negotiations, raising oil-price concerns.
  • U.S. Vice President JD Vance attributed collapse to Iran's nuclear ambitions, while Iran criticized U.S. demands.
  • Analysts expect oil prices to rise, potentially above $100 per barrel.
  • The International Monetary Fund (IMF) forecasts lower growth and higher inflation due to the ongoing conflict.
  • Protests in Ireland highlight rising cost of living amid worsening conditions.