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Trump to pause US effort to guide ships through Strait of Hormuz while blockade remains
Here's the latest
• Status of the war: President Donald Trump said the US will pause “Project Freedom,” a naval effort aimed at guiding commercial vessels through the Strait of Hormuz, to see whether a deal with Iran can be finalized. Just hours earlier, Secretary of State Marco Rubio said Operation Epic Fury — launched in February against Iran — has ended, and the US was focused on Project Freedom.
• Ceasefire ongoing: US military action during the ceasefire is a “defensive operation,” Rubio said. Earlier, Defense Secretary Pete Hegseth said “the ceasefire is not over,” and Trump also did not specify what would constitute a ceasefire violation.
• Economic impact: Demand for oil is falling at the fastest rate seen outside the Covid pandemic, as businesses and consumers cut consumption. US gas prices have increased by 50% since the start of the war.

