Trump Says Iran Ceasefire on 'Life Support' Warning
PUBLISHED May 12, 2026, 12:15 AM ET
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Washington — President Donald Trump on Monday rejected Tehran's latest counteroffer and warned the ceasefire between the United States and Iran was on 'massive life support,' describing Iran's response as 'garbage' and accusing Tehran of undermining diplomatic progress after a truce that began on April 7. Tehran this week reiterated demands including lifting the blockade on the Strait of Hormuz and sought compensation, while parliamentary speaker Mohammad Bagher Ghalibaf posted that Iranian forces were ready to respond to aggression; the stalemate pushed Brent crude above US$107 a barrel on Tuesday and prompted suspension and reassessment of Project Freedom escort operations.
By Michael Grant | JQJO News
Timeline of Events
- April 7: A ceasefire between the United States and Iran took effect.
- Early May: Project Freedom was launched to escort commercial vessels through the Strait of Hormuz.
- About 48 hours after launch: Project Freedom was suspended to allow diplomatic engagement.
- Monday (this week): President Trump rejected Iran's counteroffer and warned the ceasefire was on 'life support.'
- Tuesday (this week): Iran reiterated readiness to respond; Brent crude rose above US$107 per barrel.
News Intelligence
- The tension between the U.S. and Iran affects you at the gas pump. If the ceasefire fails, oil prices could rise even more. Check your fuel budget and consider carpooling or public transit.
- Articles Published:
- 4
- Right Leaning:
- 1
- Left Leaning:
- 0
- Neutral:
- 3
- Distribution:
- Left 0%, Center 75%, Right 25%
Energy traders and some oil-exporting companies benefited from higher crude prices as tensions around the Strait of Hormuz reduced supply expectations and increased market volatility.
Civilians in conflict zones, commercial shippers, and import-dependent economies suffered disrupted trade, higher fuel costs, and increased security risks as the truce weakened.
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Trump Says Iran Ceasefire on 'Life Support' Warning
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