Kuala Lampur, April 13 --  

TOKYO, April 13 - The US oil benchmark rebounded above US$100 a barrel today after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports.

Shortly after trading began, a barrel of West Texas Intermediate (WTI) for May delivery rose around eight percent to US$104.50, while June delivery of international benchmark Brent rose seven percent to US$102.

In early trade in Asia, South Korea's benchmark Kospi index fell two percent, before recovering slightly, while Japan's Nikkei was down 0.3 per cent.

Oil prices had sunk and stocks soared last week after Trump agreed to a two-week ceasefire mediated by Pakistan...