CENCOM News & Analysis

Asia Markets Mixed After Trump Announces Project Freedom for Ships

Asia-Pacific markets are set to open mixed as President Donald Trump revealed 'Project Freedom' aimed at freeing ships stranded in the Strait of Hormuz. The operation will involve U.S. military support, including guided-missile destroyers, 100 aircraft, unmanned platforms, and 15,000 service members. Oil prices dropped, with West Texas Intermediate futures declining 0.59% to $101.34 per barrel, and Brent crude futures falling 0.27% to $107.88 per barrel. As markets in Japan and China are closed for a public holiday, the Hang Seng index futures are at 25,992, reflecting a rise from the previous close of 25,776.53.