Hegseth says US-Iran ceasefire holds despite exchange of fire in Strait of Hormuz

The fragile ceasefire between Iran and the U.S. was temporarily disrupted by exchanges in the Strait of Hormuz, but it remains in place. The U.S. is pursuing ‘Project Freedom’ to secure the free flow of commercial shipping and enhance maritime security, while Iran opposes this initiative. This exchange has increased instability in the global energy market.