Oil slips after Trump says US will help free ships stranded in Strait of Hormuz
Government
Oil prices remained above US$100 a barrel with no peace deal in sight. SINGAPORE: Oil prices eased on Monday (May 4) after President Donald Trump said the US would begin an effort to free up ships stranded in the Strait of Hormuz, though the lack of a US-Iran peace deal kept prices supported above US$100. Brent crude futures fell US$0.64, or 0.59 per cent, to US$107.53 a barrel by 11.08pm GMT (Monday, 7.35am, Singapore time) after settling down US$2.23 on Friday. US West Texas Intermediate was
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