Oil prices flat as Trump’s plan for Strait of Hormuz fails to calm market
The story
Brent crude is largely unmoved by Trump s announcement of the operation, dubbed Project Freedom.
From the source
x whatsapp-stroke copylink google Add Al Jazeera on Google info Oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra [File: Mohammed Aty/Reuters] By John Power Published On 4 May 2026 4 May 2026 Oil prices are largely unmoved following United States President Donald Trump’s announcement that the US will guide stranded vessels out of the Strait of Hormuz.
Brent crude, the international benchmark, was essentially flat on Monday morning, as traders saw little hope of Trump’s plans resolving the biggest energy disruption in history.
Trump said on Sunday that the US would “help free up” vessels stranded in the Gulf from Monday, but offered few details on how the operation, dubbed “Project Freedom”, would work.
Who and what
Key names and topics in this story: Trump, Strait, Hormuz.
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