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Oil prices ease as US pauses Project Freedom to seek deal with Iran
President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation.
May 6, 2026Trump says US to pause operation to guide vessels through Strait of Hormuz
"Project Freedom", which began on Monday, will be halted because progress has been made toward a deal with Iran, the US president says.
May 6, 2026What we know about Trump's 'Project Freedom' in Strait of Hormuz
What does the operation entail and could it lead to a resumption of hostilities?
May 5, 2026