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Oil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal

CNBC·Justina Lee·21 days ago
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Satellite view of the Salalah oil storage fire in Oman. An Iranian drone strike on March 11 ignited the blaze, sending a plume over the Gulf of Oman’s strategic port amid the wider conflict with Iran. Imaged March 13, 2026. Gallo Images | Orbital Horizon | Copernicus Sentinel Data 2026 | Getty Images Oil prices rose Tuesday as U.S. President  Donald Trump said that the ceasefire with Iran was on life support after rejecting Tehran's counterproposal to end the war, signaling the conflict in the Middle East could drag on. International benchmark  Brent crude futures for July gained 0.30% to $104.51 a barrel. U.S.  West Texas Intermediate  futures for June rose 0.31% to $98.40 per barrel.…

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