Brent crude fell 4% to $109.90 per barrel and WTI slipped 4.4% to $101.77 per barrel.
Trump announced 'Project Freedom' to reopen Strait of Hormuz, US forces reported safe merchant transits and no ship hits.
Iran launched missiles at US destroyers; UAE said an Iranian attack sparked a fire at Fujairah’s oil hub.
US has shipped over 250 million barrels since Feb 28, adding ~3 million barrels per day and filling 10‑15% of the energy gap.