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Trump says Iran truce is on ‘life support’
J.D. Capelou · 2026-05-12 · via Semafor

US President Donald Trump said Washington’s ceasefire with Tehran is on “massive life support,” a day after he rejected Iran’s terms for ending the war and reopening the Strait of Hormuz.

Oil prices ticked back up on Monday as the countries’ standoff deepened; both sides have signaled they are dug in on their stances.

It’s unclear whether Trump would resume military attacks on Iran, though the US Navy advertised the arrival of a nuclear-armed submarine near the Mediterranean, widely interpreted as a warning to Tehran.

As concerns over global energy supply ballooned, Trump on Monday backed suspending the federal gas tax to ease the strain on Americans’ wallets at the pump.