Iran Ceasefire 'On Life Support' as Oil Prices Surge Amid Market Volatility
President Trump has acknowledged that the ceasefire with Iran is 'on life support,' signaling a potential escalation in regional tensions. This admission comes after weeks of military strikes despite the truce. The announcement has led to a sharp increase in oil prices, with Brent futures rising nearly 3% and U.S. West Texas Intermediate futures also climbing. The conflict, which began in late February, has already caused a 40% rise in crude prices. In response, Trump and congressional Republicans are considering suspending the federal gas tax to mitigate the impact on consumers. The situation is further complicated by an upcoming summit with the Chinese President, where economic and geopolitical strategies will be discussed. 
