Oil slips after Trump says U.S. will help free ships stranded in Strait of Hormuz

The Hindu online

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Oil prices eased on тАЛMonday (May 4, 2026) after U.S. President Donald Trump said the тБаUnited States would begin an effort to free up ships stranded in the Strait of Hormuz, however the lack of a U.S.-Iran peace тАМdeal kept prices supported above $100.Brent crude futures fell 64 cents, or 0.59%,