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Euronews News4.5.2026Business

Crude Prices Rise as US Announces 'Project Freedom' for Strait of Hormuz

Markets react to US military plans to clear shipping lanes while corporate earnings continue to drive US stock performance

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Crude oil prices rose 1% as the US announced 'Project Freedom' to clear the Strait of Hormuz.
Meanwhile, strong corporate earnings, led by Apple, continue to support US stock indices despite geopolitical tensions and high energy costs.

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Crude oil prices rose 1% as the US announced 'Project Freedom' to clear the Strait of Hormuz. Meanwhile, strong corporate earnings, led by Apple, continue to support US stock indices despite geopolitical tensions and high energy costs.

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