Asia Open

EMERGING ASIA

Trump is setting a strategic trap as he launches Project Freedom to escort ships out of the Strat of Hormuz. While it does not involve U.S. Navy, the humanitarian plan will weaken Iran's leverage in negotiation. Trump said the operation will guide neutral ships out of the water and will react forcefully if such is interrupted, suggesting military operation will resume if Iran intercepts. Generally speaking, it will help those stranded at sea for weeks but may not help to ease the geopolitical tension.

Oil opened lower while risk asset cheers, though it may not last due to any new development.