Middle East tensions ignite, oil surges on first day of Trump’s new ‘project’
- Posted on May 4, 2026
- By The Sydney Morning Herald
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- 1 min read
Middle East tensions ignite, oil surges on first day of Trump’s new ‘project’
The flare-up represents the greatest challenge so far to a four-week-old ceasefire between the US, Israel and Iran that has constrained fighting but failed to lead to a peace agreement or sustained negotiations.