From stalemate to strikes: A dizzying week of US-Iran negotiations over the strait of Hormuz

The stalemate in US-Iran negotiations over the Strait of Hormuz escalated into missile and drone attacks, raising tensions. President Trump announced a new effort, ‘Project Freedom,’ to help guide stranded ships, but Iran viewed it as a violation of the ceasefire. Rising oil prices and attacks on the UAE further exacerbated geopolitical risks.