Business

Oil Prices Rise Amid Iran Tensions

Updated 2026-05-12 00:35 UTC 1 source Neutral

Oil prices extended gains as concerns over a potential prolonged Middle East conflict increased after President Trump's comments about the fragile U.S.-Iran ceasefire. Asia-Pacific markets also saw modest gains.

Coverage timeline — 2 articles
CNBC
Asia-Pacific markets rise as investors shrugged off fresh doubts over the fragile U.S.-Iran ceasefire.
2026-05-12 00:05 UTC
CNBC
Oil prices rose Tuesday amid concerns over a prolonged Middle East conflict after President Trump's comments that the ceasefire with Iran is on "life support"
2026-05-12 00:25 UTC
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