Oil prices surged on the first day of Trump’s ‘Project Freedom’ plan to unblock Hormuz

By John Liu, CNN (CNN) — Oil hit its highest closing price of the year on the first day of President Donald Trump’s operation to guide stranded ships through the blocked Strait of Hormuz, underscoring the intense uncertainty that still dogs the global energy trade. Brent crude futures, the global oil benchmark, slid 1.1% to