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Oil prices continue to boil as US–Iran ceasefire hangs on ‘life support’

Middle East conflict jitters are pushing oil prices higher, with Brent crude and WTI futures seeing gains. Ceasefire talks with Iran are reportedly "on life support" following Tehran's response to a US proposal, which included broader regional demands. The Strait of Hormuz, a vit

First seen · 2:25 AM UTCMay 12, 2026

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Oil prices continue to boil as US–Iran ceasefire hangs on ‘life support’Middle East conflict jitters are pushing oil prices higher, with Brent crude and WTI futures seeing gains. Ceasefire talks with Iran are reportedly "on life support" following Tehran's response to a US proposal, which included broader regional demands. The Strait of Hormuz, a vit
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