Oil Prices Slip to $113.93 Amid Tensions

Oil prices retreated in Asian trade, Brent at $113.93 (-0.5%) and WTI at $105.05 (-1.2%) after prior surge.
Previous session saw Brent rise over 4% and WTI about 6% amid escalating US‑Iran clashes in the Strait of Hormuz.
US President Donald Trump launched “Project Freedom” to escort commercial vessels and restore partial flows through the strait.
Iranian strikes hit UAE infrastructure, including Fujairah oil terminal, heightening supply‑disruption fears.