President Trump announced the US will begin "guiding" ships out of the Strait of Hormuz today. Dubbed "Project Freedom," the operation aims to free vessels stuck in the strategic waterway that handles 20% of global oil trade. Trump stated ships from various countries will be escorted "so that they can freely and able get on with their business." The move follows heightened tensions in the region.

Military support for Project Freedom includes guided-missile destroyers, more than 100 aircraft, unmanned platforms, and approximately 15,000 service members, according to US Central Command. The announcement immediately impacted global energy markets, with Brent crude dropping nearly 2% to just over $106 per barrel while West Texas Intermediate fell below $100.

Iran confirmed it received a US response to its latest peace proposal via mediator Pakistan. Tehran emphasized its plan "focused solely on ending the war" and excluded nuclear talks. The situation remains precarious as global energy markets watch for further developments. The operation represents a significant shift in US-Iran relations during escalating tensions that have disrupted shipping and raised oil prices worldwide.