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Call an ambulance!

The ceasefire is on life support, Trump is getting desperate
Published: 11 May 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, The Officials
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, The Officials
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, The Officials
Jorge Montepeque
Edition: Euro EditionVolume: 3Issue: 89
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The ceasefire is on life support, Trump is getting desperate

The market is walking a tightrope, hoping not to fall out of the frying pan back into the fire. The ceasefire is on life support, in Trump’s words… Another day of choppy price action shows the market doesn’t know which way to go, yet the physical spot market remains tranquil, with differentials calm compared to their March and April madness.

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About Euro Edition

Benchmark reports published at the close of the trading day in London.

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