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WTI Crude Hits $104.22, Up Over 2% on May 4 Amid Reported U.S. Hormuz Operation

GateNews
Commodities
According to BlockBeats, WTI crude oil rose over 2% to $104.22 per barrel on May 4, while Brent crude gained 0.43% to break above $108 per barrel, recovering from earlier losses exceeding 2%. The gains were driven by reports from Israeli media stating that a U.S. operation in the Strait of Hormuz would commence within hours. Meanwhile, Iran's Foreign Ministry spokesman stated that current discussions on uranium enrichment are speculative, and negotiations focus solely on ending the war, with talks ongoing with Oman regarding maritime transit protocols through the strait.
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