Oil eases on signs US is loosening Iranian closure of Strait of Hormuz

May 5 : Oil prices eased on Tuesday after climbing by as much as 6 per cent in the previous session on signs the U.S. Navy is loosening Iran's closure of the key Strait of Hormuz waterway, potentially opening up supply from the key Middle East producing area.The U.S. on Monday launched a new operation aimed a
2026-05-04 22:13:34