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World braces for energy shortages as Trump blasts Iran's proposal to end war

Added May 12, 2026

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The ceasefire between Iran and the U.S. is still holding, but there's also no evidence of both sides will agree to a long-lasting peace deal. The main goal of the ceasefire was to reopen the Strait of Hormuz, as its effective closure has led to soaring fuel prices around the world. Jackson Proskow reports on how U.S. President Donald Trump is blasting Iran's proposal to end the war and how several countries are bracing for energy shortages because of the Hormuz blockades. For more info, please go to Subscribe to Global News Channel HERE: Follow Global News on X HERE: Follow Global News on TikTok HERE: #GlobalNews