Events Archive
economicMay 5, 2026
Oil Price Today (May 5): Crude oil falls but holds above $110 as Iran war tensions persist. What are experts saying?
Summary
The United States on Monday began a fresh operation to reopen the key waterway. Shipping group Maersk later confirmed that its U.S.-flagged vehicle carrier, Alliance Fairfax, had successfully exited the Gulf through the strait under U.S. military escort, calming immediate concerns over supply disruptions.
Actors involved
Iran
Sources
- Veer SharmaBy Veer Sharma
The United States on Monday began a fresh operation to reopen the key waterway. Shipping group Maersk later confirmed that its U.S.-flagged vehicle carrier, Alliance Fairfax, had successfully exited the Gulf through the strait under U.S. military escort, calming immediate concern…
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