Brief by Shorts91 Newsdesk / 05:49am on 12 May 2026,Tuesday International
Hopes for a US-Iran peace deal weakened after Donald Trump rejected Tehran’s response to Washington’s ceasefire proposal, calling it “garbage” and saying the truce was “on life support”. Iran demanded an end to conflicts across all fronts, including Lebanon, compensation for war damage, recognition of its authority over the Strait of Hormuz and an end to the US naval blockade. Rising tensions around the Strait of Hormuz pushed Brent crude prices above $104.50 per barrel as shipping disruptions intensified. The United States also imposed fresh sanctions targeting Iranian oil exports to China, while global diplomatic efforts continued amid growing concerns over energy supplies and regional instability. (PC: ANI)
