Trump launches Project Freedom to free Hormuz ships
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- Trump announced Project Freedom on Sunday, pledging to free civilian ships stuck in the Strait of Hormuz starting Monday with 15,000 service members and over 100 aircraft.
- U.S. Central Command detailed the operation’s assets, including guided‑missile destroyers, multi‑domain unmanned platforms, and a force of 15,000 personnel.
- West Texas Intermediate futures fell 0.59% to $101.34 per barrel after the announcement.
- Brent crude futures slipped 0.27% to $107.88 per barrel.
- S&P 500 futures rose 0.1% on Sunday, after the index hit new all‑time intraday and closing highs on Friday.
Why it matters: Shipping firms with neutral‑flagged vessels gain immediate clearance, while oil exporters lose as Brent falls 0.27% to $107.88, tightening profit margins and potentially prompting further geopolitical tension.
