Oil prices rise 3 per cent as Trump says Iran ceasefire ‘on life support’
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0.391 · RIGHT
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0.196 · CENTER
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Article Excerpt
Oil prices settle higher after Trump says Iran ceasefire ‘on life support’
GEORGINA MCCARTNEY
HOUSTON
REUTERS
PUBLISHED MAY 11, 2026
Open this photo in gallery:
An Iranian man walks next to a mural on a street in Tehran on Monday.
MAJID-ASGARIPOUR/REUTERS
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Oil prices climbed on Monday by almost 3 per cent after U.S. President Donald Trump said the ceasefire with Iran was “on life support,” leaving the Strait of Hormuz largely closed with no clear end in si…
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