Oil prices fall in choppy trade as Trump plans to 'free' ships stranded due to Mideast conflict

The Ateela 2 Oil Tanker boat navigates the sea on April 28, 2026 on Qeshm Island, Iran in the Strait of Hormuz. Asghar Besharati | Getty Images Oil prices fell in choppy trade Monday, as market participants assess U.S. President Donald Trump's announcement to "free" ships that have been trapped due to the closure of the Strait of Hormuz, amid lingering tensions between Tehran and Washington. International benchmark Brent crude futures fell 0.35% to $107.77 per barrel, while U.S. …