Despite the modest pullback, oil prices continued to hold above $100 a barrel, as no breakthrough had been reached in the US-Iran talks and shipping movement through the Strait of Hormuz remained constrained.
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Oil price today (May 4, 2026): Crude drops as Trump signals help for ships stuck in Strait of Hormuz; stays above $100 per barrel
Despite the modest pullback, oil prices continued to hold above $100 a barrel, as no breakthrough had been reached in the US-Iran talks and shipping movement through the Strait of Hormuz remained constrained. Top stocks …
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