Donald Trump declares Iran ceasefire ‘on life support’ as crude oil tops $105

President Trump assessed the Iran-Israel ceasefire as ‘on life support,’ causing crude oil prices to surge past $105, disrupting energy markets and highlighting concerns about potential supply disruptions through the Strait of Hormuz. The market is now pricing in increased geopolitical risk, leading to a shift towards safer assets. Investors are anticipating a reassessment of risk exposure based on the future of the ceasefire.