US-Iran Ceasefire Faces Collapse Amid Rising Tensions

May 11, 2026

75 min

May 11, 2026 18:30

Trump says US-Iran ceasefire on 'life support'; Tehran demands end to war, asset release

## Ceasefire on the Brink

The ceasefire between the US and Iran is in jeopardy, with President Donald Trump describing it as being on "massive life support." This follows Iran's rejection of a US proposal aimed at ending the ongoing conflict in the Middle East. Trump labeled Iran's counteroffer as "totally unacceptable," escalating tensions further.

## Iran's Demands

Iran has called for the release of its frozen assets and the lifting of a US naval blockade. Tehran insists on its "legitimate rights," including the removal of sanctions and an end to regional hostilities.

## Economic Impact

The uncertainty has affected energy markets, causing a spike in Brent crude prices due to fears of renewed conflict. In response to rising fuel costs, Trump announced plans to temporarily suspend the federal gasoline tax, pending congressional approval.

## Regional Reactions

The Arab League and several Gulf states have condemned Iran's actions, citing violations of international law and threats to regional stability. Meanwhile, Oman has urged the reopening of the Strait of Hormuz to alleviate maritime challenges.

## Diplomatic Efforts

Efforts to mediate continue, with Iran and Saudi Arabia's foreign ministers engaging in discussions. Additionally, the UK and France are set to host a meeting of defense ministers to address military plans for the Strait of Hormuz.

## US Stance

Despite the diplomatic stalemate, Trump remains committed to achieving "complete victory" over Iran, dismissing any notion of yielding to pressure. He also hinted at reviving the "Freedom Project" to ensure security in the region.

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