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Oil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal
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- President Donald Trump said that the ceasefire with Iran was on life support after rejecting Tehran's counterproposal to end the war, signaling the conflict in the Middle East could drag on.
- International benchmark Brent crude futures for July gained 0.30% to $104.51 a barrel.
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Oil prices rose Tuesday as U.S. President Donald Trump said that the ceasefire with Iran was on life support after rejecting Tehran's counterproposal to end the war, signaling the conflict in the Middle East could drag on.
International benchmark Brent crude futures for July gained 0.30% to $104.51 a barrel. U.S. West Texas Intermediate futures for June rose 0.31% to $98.40 per barrel.
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