Why Trump Paused Project Freedom Now—and Is Iran Close to a Deal?

President Trump has temporarily paused Project Freedom naval escorts in the Strait of Hormuz, signaling renewed efforts toward a long-term ceasefire agreement with Iran. Escalation in the US-Iran conflict has driven crude oil prices above $125 per barrel, raising concerns about a global economic slowdown and supply chain disruptions. Negotiations are ongoing with mediation from Pakistan and other countries, with Iran’s 14-point peace proposal under review.