Sonali Basak: WTI rebounds above $104 as U.S.-Iran peace talks break down

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13.04.2026

Sonali Basak: WTI rebounds above $104 as U.S.-Iran peace talks break down — WTI price rebounds as talks fail

Oil prices are showing renewed volatility as West Texas Intermediate (WTI) crude has rebounded above $104 per barrel after last week's decline. Sonali Basak reports that the uptick follows the breakdown of peace talks between the U.S. and Iran in Pakistan, which had initially prompted hopes of a ceasefire and led to lower prices.

Markets are set to open Monday on edge as uncertainty over diplomatic progress persists.

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Sonali Basak has previously tracked WTI and Brent crude gains above $100, noting the impact of elevated energy prices on headline U.S. CPI in recent coverage. She also detailed how top investors monitor equity futures and bond yields each morning in a prior report. These factors continue to frame market expectations as oil prices swing.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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