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Trump pauses Project Freedom in Strait of Hormuz amid pro...
2026-05-06 · via Business News Today: Latest Business News, Finance News
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SENSEX   77,017.79

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NIFTY   24,032.80

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NIFTY   24,032.80

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CRUDEOIL   9,720.00

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CRUDEOIL   9,720.00

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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.

By PTI

Updated - May 06, 2026 at 06:34 AM.

| Washington

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.

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

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