Brent crude largely unmoved by Trump’s announcement of operation dubbed Project Freedom.

Oil prices are largely unmoved following United States President Donald Trump’s announcement that the US will guide stranded vessels out of the Strait of Hormuz.

Brent crude, the international benchmark, was essentially flat on Monday morning, as traders saw little hope of Trump’s plans resolving the biggest energy disruption in history.

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Brent futures for July stood at $108.25 as of 02:30 GMT, up by 0.08 percent.

Trump said on Sunday that the US would “help free up” vessels stranded in the Gulf from Monday, but offered few details of how the…