Trump Announces ‘Project Freedom’ in Strait of Hormuz as Iran War Sends Shockwaves Through Gas Prices

President Trump announced ‘Project Freedom’ to assist ships trapped in the Strait of Hormuz amid the ongoing Iran war, which has caused a spike in global oil prices. The operation aims to guide neutral vessels and crews safely out of restricted waters, signaling an effort to de-escalate tensions and maintain negotiations with Iran. The U.S. is also encouraging countries to increase their purchases of American oil to offset supply disruptions.