Oil falls as US pauses Project Freedom after Trump comment
NewsBytes | May 6, 2026 1:39 PM CST
Persian Gulf disruptions affect 13 million bpd
Disruptions in Persian Gulf oil supply have already been shaking up global markets, with about 13 million barrels a day affected.
Analysts warn that shrinking inventories could mean more price swings ahead.
Meanwhile, Saudi Arabia has lowered its June price for Arab Light crude, signaling more shifts in the market.
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