Published May 11, 2026, 6:05 PM ET · Updated 6 months ago · 1 source

Oil Holds Gain as Trump Casts Doubt Over Ceasefire With Iran

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Oil Holds Gain as Trump Casts Doubt Over Ceasefire With Iran

Oil steadied as US President Donald Trump cast doubt over the ceasefire with Iran after rejecting Tehran’s latest peace offer, prolonging the effective closure of the vital Strait of Hormuz.