Oil rises as fading hopes of quick end to Iran war reignite supply worries
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Article Excerpt
Oil prices rise as hopes of peace in the Middle East dwindle
REUTERS
PUBLISHED MAY 12, 2026
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Oil prices settled higher for the third consecutive session on Tuesday as stark differences between the U.S. and Iran over a proposal to end the war in the Middle East raised concerns that supply disruptions upending the global oil market are likely to be prolonged.
Brent crude futures gained $3.56, or 3.42%, to settle at $107.77 a barrel, and U.S. West Texas Inte…
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