Trump pauses Project Freedom in Strait of Hormuz amid progress in Iran talks
2026-05-06·via Business News Today: Latest Business News, Finance News
SENSEX 77,017.79
-251.61
NIFTY 24,032.80
-86.50
CRUDEOIL 9,720.00
-337.00
GOLD 149,720.00
+ 381.00
SILVER 238,900.00
-483.00
SENSEX 77,017.79
-251.61
NIFTY 24,032.80
-86.50
NIFTY 24,032.80
-86.50
CRUDEOIL 9,720.00
-337.00
CRUDEOIL 9,720.00
-337.00
GOLD 149,720.00
+ 381.00
Trump says great progress in final agreement with Iran, suspends Project Freedom
Trump also pointed to diplomatic efforts involving Pakistan and other countries, saying the pause would provide time to finalise and sign a potential agreement.
U.S. President Donald Trump speaks during an event to sign a memorandum in the Oval Office at the White House in Washington, D.C., U.S., May 5, 2026.
| Photo Credit:
Evan Vucci
President Donald Trump has suspended “Project Freedom,” to escort ships through the Strait of Hormuz, claiming progress in negotiations with Iran toward an agreement to end the war.
In a post on Truth Social, Trump said, “Great progress has been made toward a complete and final agreement with representatives of Iran." “Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed," Trump said.
Published on May 6, 2026
THIS AD SUPPORTS OUR JOURNALISM.
SUBSCRIBE
FOR MINIMAL ADS.
THIS AD SUPPORTS OUR JOURNALISM.
SUBSCRIBE
FOR MINIMAL ADS.