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Oil prices flat as Trump’s plan for Strait of Hormuz fails to calm markets

May 4, 2026

Brent crude is largely unmoved by Trump’s announcement of the operation, dubbed Project Freedom. Published On 4 May 20264 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...

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