Brent crude oil prices fell by 1.69%, reaching 106.34 dollars, while WTI is at 100.22 dollars. Trump announced an operation to guide the ships blocked in the Strait of Hormuz.

Brent crude futures fell by $1.83, or 1.69%, reaching $106.34, while U.S. West Texas Intermediate crude was at $100.22 per barrel, down $1.72, according to Reuters. In the context of tensions in the Middle East, Donald Trump announced an operation that will begin on Monday, aimed at 'guiding' ships blocked in the Strait of Hormuz, controlled by Iran. Trump emphasized that many 'neutral and innocent' countries have been affected by the conflict with Iran and promised to ensure them a safe route for conducting commercial activities. The project, called 'Project Liberty', will start on Monday morning, and Trump mentioned that discussions with Iran could lead to positive outcomes. The closure of the strait by Iran, imposed after the escalation of the conflict on February 28, had a significant impact on global markets.