Brent futures rose 0.3% to $104.52 per barrel and WTI to $98.33 per barrel in Asian trade today.
President Donald Trump called the Iran ceasefire “on life support,” rejecting Tehran’s response and raising fears of tighter oil supply.
Iran demands end to war, lift of US naval blockade, sanctions removal, compensation, and sovereignty over Hormuz, affecting one‑fifth of oil flow.
Saudi Aramco CEO Amin Nasser warned that even if the Strait reopens, normalizing oil flows could take months; investors eye Trump‑Xi meeting.