Oil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal
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Source: CNBC
Published: 2026-05-12 10:21 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, US Politics, War & Conflict
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Snippet:
Oil prices rose Tuesday as U.S. President Donald Trump said that the ceasefire with Iran was on life support after rejecting Tehran's counterproposal to end the war, signaling the conflict in the Middle East could drag on.
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