Global oil prices eased slightly as President Trump urged international cooperation to secure the Strait of Hormuz, following a sharp rally driven by US-Iran tensions. The disruption has impacted a fifth of global oil supply, prompting the IEA to release over 400 million barrels from strategic reserves. Global oil prices eased slightly as President Trump urged international cooperation to secure the Strait of Hormuz, following a sharp rally driven by US-Iran tensions. The disruption has impacted a fifth of global oil supply, prompting the IEA to release over 400 million barrels from strategic reserves.
