India, May 4 -- Global oil prices remained largely unchanged after US President Donald Trump announced a plan to guide stranded vessels through the Strait of Hormuz amid ongoing tensions in the region.

Brent crude, the international benchmark, showed little movement, trading around $108 per barrel, as markets reacted cautiously to the proposal, dubbed "Project Freedom". Analysts said traders remain unconvinced that the plan will significantly ease disruptions described by the International Energy Agency as one of the largest in history.

Trump stated that the United States would help "free up" vessels stuck in the Gulf, but did not provide detailed operational clarity. A subsequent statement from US Central Command indicated support for ...