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CNBC3.5.2026Business

Asia-Pacific markets mixed as Trump announces 'Project Freedom' to free ships in Strait of Hormuz

Oil prices decline following announcement of U.S. military operation in contested waterway

project freedom strait of hormuz oil prices

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Asia-Pacific markets opened mixed Monday as investors evaluated President Trump's 'Project Freedom' plan to free civilian ships stranded in the Strait of Hormuz amid U.S.-Iran tensions.
The U.S. military will deploy guided-missile destroyers, over 100 aircraft, and 15,000 service members to the contested waterway.
Oil prices fell following the announcement, with WTI futures down 0.59% to $101.34 and Brent crude 0.27% lower at $107.88.

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Asia-Pacific markets opened mixed Monday as investors evaluated President Trump's 'Project Freedom' plan to free civilian ships stranded in the Strait of Hormuz amid U.S.-Iran tensions. The U.S. military will deploy guided-missile destroyers, over 100 aircraft, and 15,000 service members to the contested waterway. Oil prices fell following the announcement, with WTI futures down 0.59% to $101.34 and Brent crude 0.27% lower at $107.88.

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