Oil Prices Slip, Brent at $113.93

Brent July futures fell 0.5% to $113.93 per barrel, while WTI dropped 1.2% to $105.05 in Asian trade.
The decline follows a prior session surge of over 4% for Brent and roughly 6% for WTI amid heightened US‑Iran Gulf tensions.
US President Donald Trump launched “Project Freedom” to escort vessels through the Strait after Iranian strikes hit UAE’s Fujairah terminal.
Analysts say the initiative may ease bottlenecks but does not resolve the underlying geopolitical conflict, keeping oil markets volatile.