Did Saudi Arabia sway Trump to do a U-turn on military escort in Strait of Hormuz?

US President Trump reportedly pressured Saudi Arabia to halt US military escort missions in the Strait of Hormuz, leading to a drop in global oil prices and a rise in stock markets. Sources suggest a near-agreement on a one-page memorandum to formally end the conflict, but Iran remains skeptical. The situation highlights ongoing tensions between the US and Saudi Arabia regarding regional security and energy supplies.