Oil prices flat as Trump’s plan for Strait of Hormuz fails to calm market
🔴 Tension RisingAl Jazeera2026-05-04
Trump’s ‘Project Freedom’ plan failed to calm the market, with oil prices remaining flat. Iran has warned against any American interference in the Strait, maintaining tensions. The International Energy Agency views the Strait of Hormuz closure as the largest energy disruption in history, fueling market uncertainty.