New York —
The world is desperate for a solution to break up the oil tanker traffic jam in the Strait of Hormuz.
The Trump administration is trying to do that: It announced it had successfully guided two US vessels out of the strait Monday. But its “Project Freedom” does not appear to be the gamechanger that’s needed to end the historic energy crisis.
At least, that’s the message from the market.
Energy prices did not tumble after President Donald Trump announced the new US effort to “guide” ships through the Strait of Hormuz.
