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WTI Crude Oil Price Forecast as Trump Suspends Project Freedom

Summary by Invezz
The WTI crude oil price dropped to the important support level at $100 on Wednesday after Donald Trump paused the newly launched Project Freedom. It has retreated by 15% from its highest point this year. Similarly, Brent, the global benchmark, fell to $108 from this week’s high of $114.Trump suspends Project FreedomCrude oil prices dropped after President Trump announced that he had suspended Project Freedom, which he launched on Monday this wee…

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Lean Right

The war that was won yesterday is paused. And not for lack of military muscle. In a matter of hours, Donald Trump has gone from defending that he had total control over the Strait of Ormuz to stepping on the brake and opening a bar. In a message on his social networks, the president announced Tuesday night that he decided to temporarily stop the so-called Freedom Project in the Strait of Ormuz to “see if an agreement can be closed” with Iran, ma…

·Spain
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The American leader said he paused the operation after a request from Pakistan and other countries

·São Paulo, Brazil
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Following the surprise announcement by Donald Trump, who last night announced that he was temporarily suspending the ship escort operation in the Strait of Ormuz, this day on Wednesday 6 May was marked by new signs of diplomatic hope. But the situation in the Strait of Ormuz remains tense and confused. And in Lebanon, Israel led a strike on Wednesday night on the southern suburbs of Beirut, for the first time in almost a month.

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Donald Trump paused Tuesday for his plan to guide commercial ships across the Strait of Ormuz, just hours after the president and top national security officials praised the benefits of the mission.Trump announced in Truth Social that the “Freedom Project” would be “in pause” one day after the mission began, marking the last turn in his tortuous efforts to reopen the strategic maritime route for oil and gas trade. Oil prices fell after Trump’s a…

·Argentina
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Oil prices are falling off Wednesday, following Donald Trump's announcement of "great progress" in the negotiations between Iran and the United States and the suspension of the ship escort project in the Strait of Ormuz, which had revived tensions in the region.

Pakistan’s Prime Minister, Shehbaz Sharif, this Wednesday welcomed the decision of U.S. President Donald Trump to suspend the military operation Proyecto Libertad in the Strait of Ormuz, a maneuver that Islamabad attributes to a joint diplomatic management with Saudi Arabia. “I thank President Donald Trump for his courageous leadership and his timely announcement about the pause in the Proyecto Libertad,” Sharif said through his account on socia…

·Madrid, Spain
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Vanguardia broke the news on Tuesday, May 5, 2026.
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