Trump Says Iran Ceasefire Near Collapse as Oil Prices Surge

U.S. President Donald Trump said the ceasefire between the United States and Iran is “on life support” after Tehran rejected key parts of Washington’s proposal to end the ongoing conflict. The latest tensions have raised fears of renewed fighting in the Middle East and further disruption to global oil supplies.

Iran demanded an end to military operations across the region, including in Lebanon where Israel continues operations against Hezbollah. Tehran also requested compensation for war-related damage, the removal of U.S. naval restrictions, guarantees against future attacks, and the resumption of Iranian oil exports. Iranian officials stressed that the country maintains full control over the Strait of Hormuz, a critical shipping route responsible for transporting nearly 20% of the world’s oil and gas supply.

Trump criticized Iran’s response, calling it unacceptable and warning that the fragile ceasefire established on April 7 could soon collapse. Iranian leaders defended their position, with Foreign Ministry spokesperson Esmaeil Baghaei describing the demands as legitimate while parliamentary speaker Mohammad Baqer Qalibaf warned that Iran’s military is prepared to respond forcefully to any aggression.

Global energy markets reacted quickly to the deadlock. Brent crude oil prices climbed more than 3%, surpassing $104 per barrel as shipping traffic through the Strait of Hormuz slowed dramatically. Analysts warn that continued instability could worsen global energy shortages and increase fuel prices worldwide.

The United States also introduced new sanctions targeting companies and individuals accused of helping Iran export oil to China. Meanwhile, public opinion in the U.S. appears divided, with polls showing many Americans believe the administration has failed to clearly explain the goals of military involvement in Iran. Diplomatic efforts involving Turkey, Qatar, China, and regional allies continue as world leaders push for a broader peace agreement to stabilize the region and reopen vital shipping routes.