Carrington Clark

The price of Brent crude has fallen to $108 a barrel since we last checked in.

The national average price of unleaded has fallen to $1.85 per litre, and the national average price of diesel has risen to $2.65 per litre.

Today, I'm joined by Alan Kohler to dig into the major energy headlines.

Good morning, Alan.

Good morning, Carrington.

Alan, Donald Trump has announced this new Project Freedom, which he says will kick off tomorrow, with the US helping to guide stranded ships through the Strait of Hormuz.

Now...

There's very little detail about this plan.

According to the Wall Street Journal, it does not include the US Navy escorting ships, but US Central Command says the support will include guided missile destroyers, over 100 land and sea-based aircraft, multi-domain unmanned platforms, and 15,000 service members.

So...

Very little in the way of detail.

We haven't seen a major reaction when it comes to the oil price.

What do you make of it?

What's your analysis?

I don't know what to make of it.

It's near impossible to know.

We know Donald Trump has once again rejected the Iranian proposal, which was to deal with the opening up of the Strait of Hormuz border

and kind of park the discussions when it comes to the nuclear program.

Now, Donald Trump, when he sent out this social media post, said this was a kind of humanitarian activity because of all these stranded ships.

We know there's hundreds of ships sitting in the Gulf waiting to be able to move past that Strait of Hormuz, but surely this can't happen without Iranian approval.