Trump's Iran strategy shows mixed market results as geopolitical tensions persist. OPEC+ approved a modest 188,000 barrel per day production increase for June, marking three consecutive monthly hikes, yet oil prices barely moved. Brent crude slipped below one percent to roughly $107 per barrel while U.S. West Texas Intermediate declined to around $101. The muted market response reflects investor skepticism about real-world impact given the Strait of Hormuz remains effectively closed. Trump's "Project Freedom" initiative to free stranded cargo ships begins Monday, though details remain sparse. Peace negotiations between Washington and Tehran continue stalling, with Trump signaling likely rejection of Iran's proposal. S&P 500 futures edged higher on Sunday despite ongoing uncertainty.
