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Author name: Bloomberg

Oil steadies as traders doubt Trump shipping corridor plan in Hormuz

date May 04, 2026

Brent was little changed above $108 a barrel after falling as much as 2.4% at the open. west Texas Intermediate was near $102. the move was meant to enable vessels that have been stranded by the war with Iran to pass through the waterway.

Source: hindustantimes.com

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