Oil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal

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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. International benchmark Brent crude futures for July gained 0.30% to $104.51 a barrel. U.S. West Texas Intermediate futures for June rose 0.31% to $98.40 per barrel. Trump told reporters that the state of the ceasefire is "unbelievably weak," calling Iran's counterproposal to

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Iran war: Trump says ceasefire 'on life support' http://www.dw.com - 11.05.2026 22:21