Markets on alert as Trump vows ‘Project Freedom’ for Hormuz, setting up potential showdown after renewed attacks on ships

Financial markets were muted on Sunday as investors were reluctant to bite on the latest well-timed social media post from President Donald Trump about Iran.

Futures tied to the Dow Jones industrial average rose 84 points, or 0.17%. S&P 500 futures were up 0.11%, and Nasdaq futures added 0.06%.

U.S. oil futures dipped 0.77% to $101.16 a barrel, and Brent crude eased 0.59% to $107.53. Gold fell 0.28% to $4,631.60 per ounce.

The U.S. dollar was down 0.1% against the euro and fell 0.12% against the yen. The yield on the 10-year Treasury was flat at 4.372%.

An hour before oil futures began trading, Trump posted on Truth Social that the U.S. will guide ships from “neutral and innocent” countries out of the Strait of Hormuz. He dubbed the effort Project Freedom, which will start........

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