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Oil price today (May 4, 2026): Crude drops as Trump signals help for ships stuck in Strait of Hormuz; stays above $100 per barrel

OPEC+ announced on Sunday that seven member nations would increase their combined production targets. (AI image) Oil price today: Crude oil prices on Monday edged down after US President Donald Trump announced that Washington would take steps to assist vessels stranded in the Strait of Hormuz. Still, crude remained firmly above the $100-a-barrel mark as…

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More Strait talks: Trump rolls out ‘Project Freedom’ to guide ships through Hormuz

US President Donald Trump unveiled an initiative called “Project Freedom”, aimed at assisting commercial vessels currently stranded in the Strait of Hormuz amid rising tensions in the Gulf region.In a post on Truth Social on Sunday (local time), Trump said that multiple countries had requested American assistance to help their ships safely exit the strategically…

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No visa hold for US doctors from travel-ban countries: Major U-turn by Trump amid physician crisis

Physicians from travel-ban countries won’t have to leave the US as Trump softens rules. The Donald Trump administration has silently walked back on its travel ban on around 39 countries and secretly allowed doctors from those countries to work and stay in the US. The New York Times reported that the US Citizenship and Immigration…

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‘Impossible military op or …’: Iran mocks US, says Trump has only 2 options left | World News

US President Donald Trump Iran’s Islamic Revolutionary Guard Corps on Sunday said the United States faces a choice between an “impossible” military operation or a “bad deal” with Tehran, mocking Washington’s narrowed options amid a prolonged diplomatic deadlock and rising tensions between the two countries.In a statement carried by state television, the Guards’ intelligence organisation…

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‘If they misbehave…’: Trump warns of fresh strikes, says he wants to ‘eliminate’ Iran’s missile capability

US President Donald Trump has said there is a “possibility” of fresh military strikes against Iran, warning action could follow if Tehran “misbehaves” or “does something bad,” even as he reviews a new peace proposal from the country.Speaking to reporters while boarding Air Force One in South Florida on Saturday, Trump said further strikes remain…

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Roots and Rupture: Trump withdraws forces from land of his forebears after clash with Merz

US President Donald Trump (AP photo) TOI correspondent from Washington: In a move steeped in geopolitical tension and personal irony, US President Donald Trump, whose grandfather emigrated from Germany, giving him one of the closest generational ties to the country of any modern American leader, has ordered the withdrawal of roughly 5,000 American troops from…

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Trump likens US Navy to ‘pirates’ in Iran blockade, calls ship seizures ‘profitable’

US president Donald Trump said on Friday that the US Navy was acting “like pirates” while enforcing Washington’s naval blockade of Iranian ports during the ongoing conflict with Iran.He made the remarks while describing the recent seizure of a ship by US forces, highlighting the interception as part of the blockade operations. Watch ‘NO HELP’…

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‘Treasonous’: Trump hits critics, warns Iran threat could have destroyed Europe, Middle East

US President Donald Trump delivered a wide-ranging and combative speech in Florida on Friday defending his foreign policy, and lashing out at domestic critics. Speaking at events in West Palm Beach and The Villages, Trump framed the ongoing conflict with Iran as a decisive and necessary intervention, while warning of catastrophic consequences had Tehran succeeded…

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