Donald Trump declares Iran ceasefire on life support as crude oil tops $105
Tech Donald Trump declares Iran ceasefire ‘on life support’ as crude oil tops $105 President Trump just told the world what oil traders had been pricing in for weeks: the Iran-Israel ceasefire is barely breathing. His characterization of the truce as being “on life support” sent crude oil surging past $105 per barrel, a sharp reminder that Middle Eastern geopolitics still hold an outsized grip on global energy markets. The timing matters. The ceasefire, brokered through US and Qatari mediation back on June 24, 2025, was supposed to mark the end of the Twelve-Day War between Iran and Israel. For months, it mostly held, surviving early violations and tense moments. Now, nearly a year later, Trumps own words suggest that diplomatic scaffolding is crumbling. From fragile peace to life support The June 2025 agreement had managed to beat expectations, largely because of sustained US diplomatic pressure on Israeli leaders and Qatars role as an intermediary. Initial violations occurred almost immediately after the agreement took effect, yet the truce persisted through the remainder of 2025 and into 2026. Trumps ongoing intervention with Israeli leadership was widely credited as one of the key factors sustaining the ceasefire over the past year. If Trump himself is now signaling that