Oil slips after Trump says U.S. will help free ships stranded in Strait of Hormuz
Image used for representation | Photo Credit: Reuters Oil prices eased on Monday (May 4, 2026) after U.S. President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz, however the lack of a U.S.-Iran peace deal kept prices supported above $100. Brent crude futures…
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