Oil Surges 4% as U.S. Launches "Project Freedom" Amid Strait of Hormuz Escalation

The U.S. has launched ‘Freedom’ operation to assist stranded vessels in the Strait of Hormuz, escalating tensions in the Middle East. Tehran has condemned the move as American interference and a breach of the ceasefire, leading to a sharp escalation in rhetoric and maritime activity. Global energy markets are on edge due to the significant reduction in oil flows through the Strait, causing WTI and Brent crude oil prices to surge.