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 fell 64 cents, or 0.59%, to $107.53 a barrel by 2308 GMT after settling down $2.23 on Friday (May 1).
Published – May 04, 2026 09:58 am IST