US Treasury Secretary: Blockade 'Suffocating' Iranian Economy - Asharq Al-Awsat English

The United States will launch an effort to guide stranded ships from the Strait of Hormuz, amid attacks on vessels in the waterway. President Trump announced ‘Project Freedom’ to safely evacuate hundreds of ships and seafarers, while Iran condemned the move as a ceasefire violation. The initiative comes as global markets remain shaken by Iran’s closure of the strait.