Oil prices flat as Trump plan for Strait of Hormuz fails to calm market | US - Israel war on Iran News

President Donald Trump announced "Project Freedom" on Sunday to guide stranded vessels through the Strait of Hormuz starting Monday, but Brent crude remained essentially flat at $108.11 as of 05:00 GMT on Monday, down 0.06 percent, as traders expressed skepticism about the plan's effectiveness. Senior Iranian officials, including Ebrahim Azizi of the Iranian parliament's National Security Commission, signalled non-cooperation and warned that American interference would breach the ceasefire in place since April 7, while maritime incidents continued with reports of a tanker struck by unknown projectiles off the UAE coast and a bulk carrier attacked by small craft off Iran.