Vessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026.
Amirhosein Khorgooi | ISNA | WANA | Via Reuters
President Donald Trump said Tuesday he is pausing “Project Freedom,” the U.S. military’s effort to guide commercial ships out of the Strait of Hormuz, one day after the operation began.
Trump, in a Truth Social post, said the decision was based in part on “the fact that Great Progress has been made toward a Complete and Final Agreement” with Iran.
Project Freedom “will be paused for a short period of time to see whether or not the Agreement can be finalized and signed,” Trump wrote.
Stock futures rose following Trump’s announcement, which raised hopes for a peace agreement that would end the U.S.-Israeli war in Iran and reopen the economically vital strait.
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