Trump Pushes Pause Button On 'Project Freedom,' Says Hormuz Strait 'Blockade Will Remain': Oil Falls To

President Trump announced a temporary pause in ‘Project Freedom,’ maintaining the U.S. blockade of the Strait of Hormuz. This decision led to a decline in global oil prices, while tensions remain high between the U.S. and Iran. The Strait of Hormuz’s significance as a major oil transit route contributes to global market volatility.