President Donald Trump launched “Operation Project Freedom” on May 4, 2026, a bold U.S. military effort to escort commercial ships safely through the Strait of Hormuz. Within just 24 hours, however, Trump announced a pause on the operation, citing diplomatic progress with Iran and a request from Pakistan. The rapid reversal has left global markets, shipowners, and world leaders watching closely. Background The Strait of Hormuz has been at the center of an escalating crisis since early 2026. President Donald Trump announced major combat operations against Iran on February 28,…
Read More