Oil prices drop as Trump urges global action to secure Strait of Hormuz

Oil prices fell on Monday, erasing earlier gains, after U.S. President Donald Trump urged other countries to help secure the Strait of Hormuz, a critical route for global oil and gas shipments. Brent crude futures dropped 24 cents, or 0.23%, to $102.90 a barrel by 00:49 GMT, after having closed $2.68 higher on Friday. Meanwhile, … The post Oil prices drop as Trump urges global action to secure Strait of Hormuz appeared first on Times Kuwait .