President Trump announced the pause of “Project Freedom” in the Strait of Hormuz Tuesday, indicating that “great progress” has been made toward a peace agreement in Iran. “Based on the request of Pakistan and other Countries,

President Donald Trump announced the operation Sunday, saying the U.S. will "guide" ships stuck due to the Iran war through the Strait of Hormuz.

Violence flared in the waterway on Monday after President Trump said the United States would help guide stranded ships. It’s not clear exactly how the plan is working.

WASHINGTON — Commercial traffic in the Strait of Hormuz ticked up on Tuesday as the Pentagon’s new “Project Freedom” took hold in President Trump’s latest strategy to test Iran’s will to stay in the fight.

Twelve oil tankers flying flags from at least five nations cleared the Strait of Hormuz under U.S. Navy escort this week, completing the first organized convoy under a military-diplomatic operation the Pentagon has branded Project Freedom.

Bitcoin price is trading above $80,000, reaching a three-month high as Asian equity markets push toward record levels and risk appetite returns across global prediction markets. The $80,000 level marks a structural resistance zone that defined Bitcoin’s November 2025 lows and has acted as a ceiling through months of consolidation.