Brent holds near $114 a barrel as Middle East tensions rage on
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0.307 · RIGHT
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0.153 · CENTER
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Article Excerpt
Oil prices fall over US$2 in Asian trading after Trump pauses Strait opening for possible deal
REUTERS
PUBLISHED MAY 5, 2026
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U.S. oil futures fell on Wednesday morning in Asia by over $2 after U.S. President Donald Trump said an operation to reopen the Strait of Hormuz will be paused for a short period to see whether an agreement can be finalized and signed.
U.S West Texas Intermediate was down $2.23, or 2.18%, to $100.04 per barrel as of 2326 GMT.
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