Oil steadied in Asian trade, Brent at $104.52 (+0.3%) and WTI at $98.33 (+0.3%) after a prior 3% jump.
President Donald Trump said the Iran cease‑fire is “on life support,” rejecting Tehran’s response and reviving fears of prolonged conflict.
Saudi Aramco CEO Amin Nasser warned that even immediate Hormuz reopening could take months for global oil flows to normalize.
Investors eye Trump’s upcoming Beijing meeting with Xi Jinping, expecting possible discussions on the Iran conflict, trade and energy security.