Trump's 'Peace Card' Fails: Crude Oil Soars, Global Troubles Mount

• Global investors distrust Trump's Iran de-escalation efforts, fearing oil supply disruptions.
• International Brent crude jumped over 6% to $114.81 per barrel due to market fears.
• Trump announced a 10-day reprieve for a strategic strait and claimed talks with Iran were 'going well'.
• Despite Trump's assurances, the oil market remains unconvinced as Iran has not shown positive signals.
• Rising crude prices directly impact petrol-diesel costs and freight, potentially leading to global inflation.