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 vital oil passage, remains a key flashpoint, with Iran asserting control, raising concerns about global energy supplies.
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Oil prices continue to boil as US–Iran ceasefire hangs on ‘life support’
- by The News Vista
- May 12, 2026
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- Less than a minute
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- 17 hours ago

