Global News
Global Oil Markets Retreat as U.S. Halts Strait of Hormuz Escort Initiative.
May 6, 2026 at 11:42 AM
Crude oil prices have dipped, with WTI falling below $100, following President Trump's decision to pause the 'Project Freedom' escort plan in the Strait of Hormuz amid signs of potential diplomatic progress with Iran.
Economy
Oil Prices Decline Following Reports of Potential US-Iran De-escalation.
March 31, 2026 at 4:32 AM
Oil prices dipped by over 1% after reports surfaced that the U.S. administration may be open to scaling back its military campaign against Iran, easing fears regarding energy supply disruptions through the Strait of Hormuz.




