Crude oil futures saw an uptick following comments by US President Donald Trump, who stated that the ceasefire with Iran is on 'life support'. The United States and Iran continue to disagree on several critical issues, including the cessation of hostilities on all fronts, the removal of the US blockade at the Strait of Hormuz, the resumption of oil exports from Iran, and compensation related to war damages. These unresolved tensions contribute to market volatility in crude oil prices, impacting global energy markets and trade dynamics, including those relevant to India’s oil imports and energy security. The US is in disagreement with Iran on demands such as an end to hostilities on all fronts, the removal of a US blockade at the Strait of Hormuz, the resumption of oil sales from Iran, and compensation for war damage.