Trump Pauses Hormuz Escort Mission Amid Deal Hopes

US President Donald Trump has announced a temporary pause in efforts to escort commercial vessels through the Strait of Hormuz, citing progress in negotiations with Iran.

In a statement on Tuesday, Trump said both sides had agreed to halt the escort operation, known as “Project Freedom,” for a short period to assess whether a broader agreement could be finalised. However, he noted that the existing blockade would remain in place.

The move came just hours after US Secretary of State Marco Rubio outlined the ongoing operation to assist stranded tankers in navigating the crucial waterway, which has been largely disrupted since the conflict began.

The Strait of Hormuz, a vital global shipping route, handles nearly 20 percent of the world’s oil supply. Its disruption has triggered a sharp rise in energy prices and heightened global economic concerns.

Following Trump’s announcement, US crude oil prices dropped by more than $2, slipping below the $100-per-barrel mark, reflecting cautious optimism in the markets.

US officials have maintained that Iran cannot be allowed to control traffic through the strait. Tehran, meanwhile, has warned of deploying mines, drones, and missile systems, effectively restricting access to the route.

Recent tensions have seen exchanges of military action, with US forces targeting Iranian vessels and Iran launching drone and missile strikes in the region. Despite this, officials say the current ceasefire is still holding.

US Defence Secretary Pete Hegseth said the situation remains under close observation, while military officials indicated that recent Iranian actions have not crossed the threshold for a full resumption of combat operations.

Regional tensions remain high. The United Arab Emirates has reported fresh missile and drone threats, describing them as a serious escalation, while Iran has denied carrying out such attacks.

The conflict has disrupted global shipping and energy markets, with thousands affected and supply chains under strain. Although diplomatic efforts are ongoing, including mediation attempts by Pakistan, no comprehensive agreement has yet been reached.

Officials on both sides have signalled cautious optimism, but uncertainty continues to surround the future of the strait and the broader regional situation.