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Oil Prices Remain Stable Despite US Plan, Pressure Persists in Global Market

May 4, 2026
in Business, Important News, Latest News
Oil Prices Remain Stable Despite US Plan, Pressure Persists in Global Market
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Despite a plan proposed by US President Donald Trump to reduce oil prices, global crude oil prices have remained stable, with no significant decline observed in the market.

According to media reports, Brent crude oil prices are holding near $108 per barrel, indicating continued pressure on the market. Uncertainty in the Strait of Hormuz has further deepened investor concerns.

It is worth noting that the US military command CENTCOM has announced assistance for ships under “Project Freedom,” but due to the lack of clarity regarding security arrangements, market confidence has not improved and concerns persist.

Meanwhile, Iranian officials have refused to cooperate with the US plan, stating that any American intervention would be considered a violation of the ceasefire and could escalate tensions in the region.

According to the International Energy Agency, the current energy crisis has become one of the biggest challenges in modern history, while experts warn that oil supply cannot be restored through political statements alone and requires practical measures and strong security.

Data shows that since the start of the conflict, global daily oil production has decreased by 14.5 million barrels, while the number of commercial vessels passing through the Strait of Hormuz has dropped from 129 to just a few dozen.

Although there is hope for improvement in the coming weeks, the destruction of infrastructure and ongoing security concerns mean that further price increases cannot be ruled out.

Tags: energy crisisglobal marketIran US tensionsoil pricesStrait of HormuzUS plan
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