Trump Says Ceasefire Holds as U.S. Iran Clashes Escalate in Gulf and Oil Prices Surge Above 100 Dollars
🔴 Tension RisingModern Diplomacy2026-05-08
President Trump emphasized the escalation of U.S.-Iran clashes in the Gulf and surging oil prices above $100 per barrel, while insisting a fragile ceasefire remained in place. The Strait of Hormuz is the central flashpoint, raising concerns about energy supply disruptions. Despite ongoing military activity and conflicting narratives, diplomatic efforts continue.