Oil prices fall

WASHINGTON, (UrduPoint / Pakistan Point News / WAM - 04th May, 2026) Oil prices eased on Monday after US President Donald Trump said the United States would begin an ‌effort to free up ships stranded in the Strait of Hormuz.

Brent crude futures dropped by $1.83, or 1.69%, to record $106.34 per barrel by 22:03 GMT. West Texas Intermediate crude also declined to $100.22 per barrel, down $1.72 or 1.69%.