Week 19 Opens: Trump's Project Freedom and the Strait Gambit

Monday, May 4, 2026. BREAKING: Trump announces "Project Freedom" — US begins escorting neutral ships from Strait of Hormuz starting Monday. Iran protests, calls it ceasefire violation. Trump signals "very positive discussions" with Iran, potential deal coming. WTI $101.89 (-0.05%), June futures $101.81, July $96.64. Henry Hub June $2.825 (+1.62%), July $3.119 (+1.43%). EIA: crude -6.2M, gasoline -6.1M, distillate -4.5M, refinery util 89.6%. Downside $70-75 if deal, upside $120-150 if talks fail. Trade the data.

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Week 19 Opens: Trump's Project Freedom and the Strait Gambit

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