Oil prices rise in choppy trade as Trump plans to 'free' ships stranded due to Mideast conflict
By Justina Lee
Published on May 4, 2026.
Oil prices have risen following U.S. President Donald Trump's announcement that he will free ships stranded due to the closure of the Strait of Hormuz, amid ongoing tensions between Tehran and Washington. The effort, dubbed "Project Freedom," will primarily assist with removing civilian ships from the waterway. This comes as a tanker is hit by projectiles near Fujairah in the United Arab Emirates, highlighting the dangers for ships navigating the Mideast region. The international benchmark Brent crude futures rose by 0.12% to $102.09 per barrel, and U.
Related Articles
Miranda Devine: Dems seek a blue-collar MAGA man to win back Trump voters — but better look in the mirror
Democrats seek a blue-collar MAGA candidate to win back disillusioned voters by portraying themselves as far-right extremists, while Democrats' brand plummeting to historic lows.
KCKPS special education director fired, document shows
Kansas City Public School's executive director of special education, Dr. Ja'Kyta Lawrie, was fired for non-renewalment, amid ongoing concerns about leadership and staff shortages.
Ohio Supreme Court rules against Whitehall recall election petition
The Ohio Supreme Court ruled that the petition to recall Whitehall's mayor and two councilmembers did not contain the right signatures.