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Story summary
- Brent crude futures hovered at $114 a barrel on May 5 2026 after a rise the day before amid Gulf confrontations following attacks by U.S. President Donald Trump and Iran on the Strait of Hormuz.
- Priyanka Sachdeva of Phillip Nova said the easing was temporary and linked to Project Freedom, not fundamentals.
- ING analysts warned that market relief may be short-lived after Trump said the conflict could last two to three weeks.
