Middle East Ceasefire in Jeopardy as Tensions Rise

May 12, 2026

78 min

May 12, 2026 03:30

Trump warns Mideast truce on 'life support', Iran says ready for any aggression

## Ceasefire on the Brink

US President Donald Trump has declared the Middle East ceasefire to be on "life support" after dismissing Iran's latest proposal as "unacceptable." Trump has vowed to achieve "complete victory" over Tehran, escalating tensions in the region.

## Iran's Defiant Stance

In response, Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, stated that the country's armed forces are prepared for any scenario. He emphasized that the US has no choice but to accept Iran's 14-point proposal to resolve the conflict.

## Impact on Global Markets

The ongoing conflict has already disrupted global energy markets, with Aramco's CEO warning of potential long-term supply shocks. The Strait of Hormuz remains closed, affecting oil prices and threatening fertilizer shipments, which could lead to food shortages worldwide.

## US Sanctions and Military Actions

Ahead of a summit with China's President Xi, the US has sanctioned Iranian oil officials and companies involved in covert oil sales to China. This move is part of the "Economic Fury" campaign aimed at cutting off funds for Iran's military and nuclear activities.

## Political Reactions in the US

US Senator Chuck Schumer criticized Trump's approach, labeling the conflict with Iran as an "illegal, costly war." He announced plans for a vote to withdraw US troops, urging Republicans to reconsider their stance on the war.

## Naval Tensions

President Trump claimed that the US Navy intercepted 111 Iranian missiles aimed at vessels in the Strait of Hormuz. This follows a recent clash where US forces engaged multiple Iranian threats, maintaining high tensions in the vital oil route.

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