Petrol Prices in Pakistan Likely to Rise as Oil Jumps After US-Iran Talks Fail

Global oil prices increased sharply on April 13, 2026, after talks between Iran and United States failed in Islamabad. Major oil benchmarks, including WTI and Brent crude, went up by about 9%, crossing the $100 mark again. This sudden rise has raised concerns about global oil supply, especially if tensions increase further.

The talks broke down because both sides could not agree on nuclear monitoring terms. As a result, WTI crude oil prices crossed $105 per barrel, while Brent crude went above $103. This ended a short period of stable prices and brought new worries for fuel costs, especially in countries like Pakistan.

Risk of Naval Blockade

The situation became more serious when the US announced a naval blockade of Iranian ports. This step could affect global oil supply routes.

• WTI crude oil: Above $105 per barrel
• Brent crude: Above $103 per barrel
• UAE Murban: Dropped slightly to around $98 per barrel

There are fears that Iran could block the Strait of Hormuz, through which about 20% of the world’s oil passes. If tensions continue and no agreement is reached, prices could rise even more.

Impact on Pakistan

Pakistan’s fuel prices depend on global oil rates. With this increase, petrol prices in the country are likely to go up again soon. Even though UAE Murban crude saw a small drop, the overall trend is still upward.

Experts say that supply chain companies are already preparing for higher oil prices. The failure of talks in Islamabad has increased uncertainty, and markets are now reacting to the growing geopolitical tension.