Oil Prices Drop as Trump Pauses Project Freedom

Oil prices fell on Tuesday after President Donald Trump announced a pause in the Project Freedom initiative. Brent crude declined 1.81% to $107.88 per barrel, while West Texas Intermediate (WTI) dropped 1.72% to $100.51. The selloff extended across the energy sector, with natural gas down 0.67% to $2.77, gasoline falling 0.93% to $3.59, and heating oil losing 1.28% to $3.98, according to BeInCrypto. Trump cited progress toward an Iran agreement and requests from Pakistan and other countries as reasons for the halt. Despite the pause, the US naval blockade of Iranian ports remains in effect.