Iran-US Negotiations Fail, Oil Prices Soar Immediately to Break Rp1.8 Million Per Barrel
Global oil prices have once again fluctuated following the failure of peace negotiations between the United States and Iran to reach common ground. The rising geopolitical tensions in the Middle East have immediately impacted the surge in global crude oil prices.
In the latest trading session, Brent crude oil prices jumped more than 2% to US$107.89 per barrel, equivalent to approximately Rp1,834,130 per barrel (assuming an exchange rate of Rp17,000 per US dollar). Meanwhile, US crude oil (WTI) also rose more than 2% to US$96.63 per barrel, equivalent to approximately Rp1,642,710.
This surge was triggered by the failure of the second round of peace talks between the US and Iran. The situation intensified after reports that Iranian Revolutionary Guard forces boarded two cargo ships near the Strait of Hormuz, raising concerns over disruptions to global energy trade routes.
US President Donald Trump even cancelled plans to send special envoy Steve Witkoff and Jared Kushner to Islamabad, Pakistan, to continue discussions with Iran.
“Too much time wasted on travel, too much work! Besides, there is internal disagreement and great confusion within their ‘leadership’,” Trump wrote in his post on Truth Social, as quoted from CNBC on Monday, 27 April 2026.
“No one knows who is in charge, including themselves. Besides, we have all the cards; they don’t! If they want to talk, they just need to call!!!”
On the other hand, Iranian Foreign Minister Abbas Araghchi travelled to Islamabad over the weekend but only met with Pakistani officials, with no meetings with the US side. This further underscores the stalemate in the diplomatic process hoped to ease tensions.
Spokesperson for the Iranian Foreign Ministry, Esmaeil Baqaei, also reaffirmed his country’s position. “No meetings are planned between Iran and the US.”
This situation has left the global energy market in a state of vigilance. The Strait of Hormuz, a major route for world oil shipments, has once again become a critical point that could disrupt supply stability if the conflict continues.