Oil slips after Trump says US will help free ships stranded in Strait of Hormuz

May 4, 2026

Oil prices dipped as President Trump announced efforts to free ships in the Strait of Hormuz. However, the absence of a US-Iran peace deal continues to support prices above $100. Negotiations remain stalled, with both nations holding firm on their demands. OPEC+ plans a modest output increase, but disruptions in the Strait of Hormuz may limit its impact.

More To Explore

Sebi approves 3 IPOs of Cosmic PV, Monomark, RKB Global along with NSE

SEBI has approved IPOs for Cosmic PV Power, Monomark Engineering, and RKB Global, alongside the National Stock Exchange’s major public offer. These approvals highlight a

September 4, 2026

US diesel prices hit a record high, pushing up transportation costs for a long list of goods

Diesel prices soared to unprecedented levels in the United States on Friday, primarily due to the six-month conflict involving Iran. This rise in costs is

September 4, 2026

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

The information on this website does not constitute investment advice or a recommendation or a solicitation to engage in any investment activity. This website and its content are not intended for residents of the UAE, US, Canada, Australia, UK, Russia, North Korea, China, Japan, Hong Kong, Singapore and Iran.

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003