(Il Sole 24 Ore Radiocor) - Milano, 12 mag - Brent futures surged as prospects for a diplomatic resolution to the Middle East conflict fade. Market tension spiked after US president Donald Trump rejected Tehran's latest proposals, describing the current truce as being on "massive life support".

The risk of a return to military action has intensified following defiant statements from Iranian leadership, fueling investor anxiety over a prolonged closure of the vital Strait of Hormuz.

At 0911 GMT, crude oil futures were up 2.52 dollars, or.

2.43%, at 106.74 dollars a barrel.

(RADIOCOR) 12-05-26 11:14:25 (0301) 5 NNNN