Oil Nosedives As Trump Pauses Project Freedom - But Maintains Blockade Of Iranian Ports

U.S. President Trump paused ‘Project Freedom’ and halted escorting commercial ships through the Strait of Hormuz, while maintaining the blockade of Iranian ports. Oil prices plummeted 4% to $109, reflecting cautious market sentiment as the U.S. and Iran seek to exert influence over the waterway. The move comes amid ongoing hostilities between the two nations.