Oil prices flat as Trump’s plan for Strait of Hormuz fails to calm market

Oil prices remained largely unchanged following President Donald Trump's announcement of 'Project Freedom' to assist stranded vessels in the Strait of Hormuz. Iranian officials indicated they would not cooperate with the plan, warning that any American interference would be seen as a breach of the ongoing truce. Additionally, recent incidents involving tankers were reported off the coast of the UAE, with no injuries reported.