Singapore, May 04 (QNA) - Oil prices declined in early trading on Monday after US President Donald Trump announced the launch of an operation to free vessels stranded in the Strait of Hormuz.

Futures for Brent crude fell by 64 cents, or 0.59 percent, to $107.53 a barrel, after dropping $2.23 at Friday's close.

US West Texas Intermediate crude also declined, falling 84 cents, or 0.82 percent, to $101.10 a barrel, after a loss of $3.13.

Oil prices remained above $100 a barrel amid the absence of any imminent peace agreement between Washington and Tehran and continued constraints on shipping through the Strait of Hormuz. (QNA)