West Asia War: 'Ceasefire On Life Support' Rattles Oil Market
Edited By WION Video Desk
Published: May 12, 2026, 11:38 IST | Updated: May 12, 2026, 11:38 IST
Oil prices have surged sharply after renewed tensions in west Asia raised fresh supply concerns. Brent crude jumped around 4 percent, crossing 105 dollars a barrel, as fears grew over disruptions in the strait of Hormuz, a key global shipping route.
Markets are now watching closely for diplomatic developments and president trump’s upcoming visit to China. Take a look at the next report for more.
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