Energy Oil price rises slightly - ceasefire on the brink
According to US President Trump, the ceasefire between Iran and the USA is hanging in the balance. Nevertheless, the price of oil is only moving up slightly.
12.05.2026, 07:02
SDA
A barrel (159 liters) of Brent crude for July delivery rose by 0.75 percent to 104.99 dollars. On Monday morning, the price of the global benchmark had climbed by almost five percent to 105.99 dollars. On Tuesday night, US President Donald Trump escalated the tone.
According to Trump, the ceasefire with Iran, which has now been in place for almost five weeks, is hanging by a thread. The reason for this was the "stupid proposal" from Tehran to end the war, he said in Washington. Trump said that the ceasefire was virtually in intensive care. Nevertheless, he still believes that a diplomatic solution is still possible.
According to state media, the plan presented by Iran states that the USA must pay reparations for the war damage caused in Iran. The Islamic Republic is also demanding full sovereignty over the Strait of Hormuz, an end to sanctions against the country and the release of confiscated Iranian assets. According to the reports, the dispute over Iran's nuclear program did not play a role in the response.
