Oil prices ease and markets rally as Trump works towards deal with Iran

Source: US news | The Guardian · Bias: Center Left

Summary

US president briefly pauses ‘Project Freedom’ operation escorting ships through strait of HormuzBusiness live – latest updatesOil prices have eased and stock markets rose as Donald Trump touted “great progress” towards a “final agreement” with Iran and the rally in AI shares stepped up.The US president said he would briefly pause his “Project Freedom” operation escorting ships through the strait of Hormuz, which carries about a fifth of the world’s oil supplies but has been blockaded by Iran since late February, triggering a global energy crisis. Continue reading...

Related Coverage

Daily Analysis

Read the full Parallax Pulse for May 5, 2026 — an AI-powered analysis of how Left and Right media covered the biggest stories this day.

More Headlines From May 5, 2026

Oil prices ease and markets rally as Trump works towards deal with Iran
US news | The Guardian

Oil prices ease and markets rally as Trump works towards deal with Iran

Center Left

US president briefly pauses ‘Project Freedom’ operation escorting ships through strait of HormuzBusiness live – latest updatesOil prices have eased and stock markets rose as Donald Trump touted “great progress” towards a “final agreement” with Iran and the rally in AI shares stepped up.The US president said he would briefly pause his “Project Freedom” operation escorting ships through the strait of Hormuz, which carries about a fifth of the world’s oil supplies but has been blockaded by Iran since late February, triggering a global energy crisis. Continue reading...