Markets12 May 2026
Oil Surges 2.9% as Trump Says Iran Ceasefire on 'Life Support'
via Los Angeles Times
Brent crude jumped 2.9% to $104.21 after President Trump declared the U.S.-Iran ceasefire near collapse, threatening prolonged conflict. Energy traders face sustained volatility; equity indexes may cap gains if oil stays elevated. Watch crude for directional cues on inflation and Fed policy—higher oil typically pressures risk assets.
Original source
Los Angeles Times
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