US equities soar, but President Trump’s ‘Operation Project Freedom’ sparks new Hormuz drama

US equity markets rose despite escalating tensions in the Strait of Hormuz, highlighting the balance between strong earnings and geopolitical risk. Iran submitted a new peace proposal, but it sidesteps the critical issue of nuclear weapons, prompting President Trump to announce ‘Operation Project Freedom’ – naval escorts through the Strait. The future of this initiative and its potential impact on Iranian actions remain uncertain.