Strait

US president Donald Trump has said that the US military operation “Project Freedom” guiding ships through the Strait of Hormuz will be paused for a short period. He cited a request from Pakistan and progress towards a final deal with Iran.

United States President Donald Trump has said that the US military operation to move stranded ships out of the Strait of Hormuz has been paused temporarily.

Trump made the announcement on his Truth Social platform on Tuesday.

He said the decision was made “based on the request” of Pakistan and other countries and 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,” he wrote.

There was no immediate comment from Iran.

Trump’s announcement came as tensions escalated in the Gulf, with the US military saying it destroyed several Iranian boats in the Strait of Hormuz, as well as cruise missiles and drones. The United Arab Emirates said its air defences dealt with missile and drone attacks from Iran for a second day, while another commercial ship in the Strait of Hormuz reported being hit by an “unknown projectile”.

For its part, Iran’s Islamic Revolutionary Guard Corps (IRGC) issued a new map of the strait, with an expanded area of Iranian control, and warned vessels on Tuesday to stick to the corridors it has set or face a “decisive response”.

In Washington, DC, Secretary of State Marco Rubio told reporters that the US has completed its offensive operations against Iran, dubbed “Operation Epic Fury”, and “there’s no shooting unless we’re shot at first”.

But Iran must “pay a price” for its efforts to control the strait, he said.

“The Straits of Hormuz do not belong to Iran. They don’t have a right to shut it down and blow up ships and lay mines,” Rubio said.

“Under no circumstances can we live in a world where we accept, ‘OK, this is normal – you have to coordinate with Iran. You have to pay them a toll in order to go through the Straits of Hormuz’. Not only is that unacceptable in the straits, you’re creating a precedent that could be repeated in multiple other places around the world.”

The maritime chokepoint, through which roughly one-fifth of the world’s energy supplies normally pass, has been effectively sealed by Iran since the US and Israel launched their war on the country on February 28.

Following a ceasefire in April, the US imposed its own blockade on Iranian ports in a bid to compel Tehran to agree to Washington’s terms in peace talks mediated by Pakistan, including reopening the key waterway and halting all nuclear enrichment.

The closure of the strait has disrupted global trade, causing oil and fertiliser prices to soar and prompting fears of a global recession and a food emergency.

Earlier on Tuesday, Trump told reporters at the White House that the US’s military and economic action was forcing Tehran to the negotiating table despite its defiant public stance.

“Iran wants to make a deal. What I don’t like about Iran is they’ll talk to me with such great respect, and then they’ll go on television. They’ll say, ‘We did not speak to the president’,” he said. “So they play games. But let me just tell you, they want to make a deal. And who wouldn’t? When your military is totally gone, we could do anything we want to them.”

Trump, who is facing mounting pressure at home as petrol prices rise ahead of crucial midterm elections, went on to say that Iran’s military had ‌been reduced to firing “peashooters”.

When asked what Iran would need to do to violate the ceasefire, Trump said: “They know what not ⁠to do.”

US Secretary of Defense Pete Hegseth, meanwhile, said that the renewed violence in the Strait of Hormuz does not constitute a breach of the four-week-old truce.

“American forces won’t need to enter Iranian waters. It’s not necessary. We’re not looking for a fight. But Iran cannot be allowed to block innocent countries and their goods from international waterways,” he said at the Pentagon.

“Right now, the ceasefire certainly holds, but we’re going to be watching very, very closely,” he added.

WASHINGTON — The United States has launched a new military operation to ensure commercial shipping vessels can safely pass through the Strait of Hormuz, deploying scores of warships, fighter jets and drones to counter Iranian efforts that have threatened the narrow waterway that carries a fifth of the world’s oil.

At a news conference Tuesday at the Pentagon, Defense Secretary Pete Hegseth said the new initiative — dubbed “Project Freedom” — is a temporary and defensive operation meant to resume the flow of traffic through the international waterway as hostilities have continued in the region.

“We are not looking for a fight, but Iran cannot be allowed to block innocent countries and their goods from an international waterway,” Hegseth said, while calling Iran’s tactics “international extortion.”

The operation comes nearly a month after the United States reached a fragile ceasefire deal with Iran, a truce that Hegseth said remains in effect even though Tehran has continued to attack U.S. forces and commercial vessels.

“The ceasefire is not over,” Hegseth said.

Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, said that since the ceasefire took effect, Iran has fired at commercial vessels nine times, seized two container ships and attacked U.S. forces more than 10 times. All of these instances, he said, are “below the threshold of restarting major combat operations at this point.”

Those attacks have left more than 1,550 vessels trapped in the Arabian Gulf, unable to transit, disrupting global trade and pushing energy markets toward crisis, with fuel prices climbing and shipping costs surging.

The new U.S. mission was cast as separate from the broader military campaign over Iran’s nuclear weapons program. As negotiations to denuclearize Iran continue, Caine said commercial vessels wanting to cross the strait will now “see, hear and frankly feel the U.S. combat power around them, on the sea, in the skies and on the radio.”

Two U.S. commercial vessels, escorted by Navy destroyers, have already moved through the Strait, Hegseth said.

“We know the Iranians are embarrassed by this fact,” Hegseth said. “They said they control the strait, they do not.”

Hegseth called the operation a “direct gift from the United States to the world,” aimed at resuming traffic through one of the world’s most vital waterways.

“To what remains of Iran’s forces: if you attack American troops or innocent commercial shipping, you will face overwhelming and devastating American firepower,” Hegseth said. “The president has been very clear about this.”

On Tuesday evening local time, the UAE’s defense ministry said in a statement on X that the country’s defensive systems “are actively engaging with missiles and UAV threats and that “sounds heard across the across the country are the result of ongoing engaging operations.”

Tuesday’s barrage marks the second consecutive day of attacks targeting the UAE since the U.S.-Iran ceasefire took hold on April 8. On Monday, the UAE said it engaged a total of 12 ballistic missiles, three cruise missiles and four drones launched from Iran.

Times staff writer Nabih Bulos, in Beirut, contributed to this report.

U.S. Central Command said its new plan to protect commercial shipping in the Strait of Hormuz kicked off Monday with the safe passage of two U.S.-flagged merchant ships. Dubbed Project Freedom, the operation is designed to “restore freedom of navigation for commercial shipping” through this strategically vital body of water, the command stated on X. Iran closed the Strait after being attacked by the U.S. and Israel on Feb. 28. Meanwhile, Iran says this move will threaten the fragile ceasefire and that it will attack any ships transiting the Strait without permission.

“U.S. Navy guided-missile destroyers are currently operating in the Arabian Gulf after transiting the Strait of Hormuz in support of Project Freedom,” CENTCOM stated in a message posted on X Monday morning. “American forces are actively assisting efforts to restore transit for commercial shipping. As a first step, 2 U.S.-flagged merchant vessels have successfully transited through the Strait of Hormuz and are safely headed on their journey.”

CENTCOM didn’t say which ships transited the Strait and it is unclear if the Navy destroyers escorted them. We have reached out to CENTCOM for more details.

Project Freedom involves “guided-missile destroyers, over 100 land and sea-based aircraft, multi-domain unmanned platforms, and 15,000 service members,” CENTCOM said in a post on X Sunday.

“The mission, directed by the President, will support merchant vessels seeking to freely transit through the essential international trade corridor,” CENTCOM added. “A quarter of the world’s oil trade at sea and significant volumes of fuel and fertilizer products are transported through the strait.”

“Our support for this defensive mission is essential to regional security and the global economy as we also maintain the naval blockade,” said Adm. Brad Cooper, CENTCOM commander.

President Trump on Sunday framed Project Freedom as an effort to gets ships and crews out of the Strait. It is unclear if this operation will also protect ships trying to enter as well. It’s possible this could occur once CENTCOM evaluates the realities in the waterway as ships are evacuated. We will update this story with any additional details we learn.

As part of Project Freedom, vessels “choosing to transit the Strait of Hormuz should consider routing via Oman territorial waters south of the Traffic Separation Scheme,” U.S. Navy Central (NAVCENT) cautioned Monday morning. The Traffic Separation Scheme refers to new traffic patterns Iran set up for ships transiting the Strait through its territorial waters.

“Due to anticipated traffic volume, coordination with Oman authorities via VHF channel 16 is advised to maintain safety of navigation,” according to NAVCENT. “Transit via or in close proximity to the Traffic Separation Scheme should be considered extremely hazardous due the presence of mines that have not been fully surveyed and mitigated.”

Iran has placed an undetermined number of mines in the Strait since the war broke out, a U.S. official told us.

As we noted last week, the UK Maritime Trade Operations (UKMTO) group says strait transits have fallen by more than 90%, leaving 850 merchant ships and around 20,000 sailors trapped inside the Gulf and unable to leave. 

In reaction to Project Freedom and the new NAVCENT transit guidance, the Islamic Revolutionary Guard Corps (IRGC) on Monday warned that “maritime movements of vessels, contrary to the regulations declared by the Iranian Navy, would face serious risks, and that they would be stopped by force.”

The IRGC added that it maintains control over the Strait and that ships adhering to its rules will be safe. In addition, it called Project Freedom, as well as the ongoing U.S. naval blockade of Iranian ports, acts of “piracy.” IRGC also said that Project Freedom is in violation of the April 8 ceasefire agreed to by the U.S. and Iran.

In addition to the IRGC warning, Iranian media claimed that “two missiles struck a U.S. Navy patrol boat. This patrol boat, which today moved near Jask violating security and navigation rules intending to pass through the Strait of Hormuz, was targeted by a missile attack after ignoring the warning from the Islamic Republic of Iran Navy.”

The official Iranian FARS news agency added that the “patrol boat was unable to continue its route due to the hits and was forced to retreat and flee the area.”

Iranian media offered no proof of the attack. In a post on X, CENTCOM denied that claim.

“No U.S. Navy ships have been struck,” the command stated. “U.S. forces are supporting Project Freedom and enforcing the naval blockade on Iranian ports.”

🚫 CLAIM: Iranian state media claims that Iran’s Islamic Revolutionary Guard Corps hit a U.S. warship with two missiles.

✅ TRUTH: No U.S. Navy ships have been struck. U.S. forces are supporting Project Freedom and enforcing the naval blockade on Iranian ports. pic.twitter.com/VFxovxLU6G

— U.S. Central Command (@CENTCOM) May 4, 2026

However, the United Arab Emirates on Monday said that one of its oil tankers was attacked by two Iranian drones as it sailed through the Strait.

“The UAE condemns in the strongest terms the targeting of a national tanker affiliated with [Abu Dhabi National Oil Company] ADNOC while passing through the Strait of Hormuz,” the UAE Foreign Ministry stated on X, adding that there were no injuries in the attack.

The ministry did not say which ship was attacked or when. However, the United ​Kingdom ⁠Maritime Trade Operations (UKMTO) agency said it received a report of an incident on May 3 “78NM north of Fujairah, United Arab Emirates. A tanker has reported being hit by unknown projectiles. All crew reported safe. No environmental impact reported.”

Project Freedom and the new NAVCENT transit guidance were launched following a message U.S. President Donald Trump posted Sunday on his social media.

“Countries from all over the World, almost all of which are not involved in the Middle Eastern dispute going on so visibly, and violently, for all to see, have asked the United States if we could help free up their Ships, which are locked up in the Strait of Hormuz, on something which they have absolutely nothing to do with — They are merely neutral and innocent bystanders!” Trump proclaimed on Truth Social. “For the good of Iran, the Middle East, and the United States, we have told these Countries that we will guide their Ships safely out of these restricted Waterways, so that they can freely and ably get on with their business.”

The president added that Project Freedom is a humanitarian effort, conducted as the U.S. and Iran are working on ways to end the conflict.

“I am fully aware that my Representatives are having very positive discussions with the Country of Iran, and that these discussions could lead to something very positive for all,” Trump avowed. “The Ship movement is merely meant to free up people, companies, and Countries that have done absolutely nothing wrong — They are victims of circumstance. This is a Humanitarian gesture on behalf of the United States, Middle Eastern Countries but, in particular, the Country of Iran.”

Still, if Iran does not comply, Trump issued a warning to Tehran. 

“I think it would go a long way in showing Goodwill on behalf of all of those who have been fighting so strenuously over the last number of months,” the American leader posited. “If, in any way, this Humanitarian process is interfered with, that interference will, unfortunately, have to be dealt with forcefully.” 

Trump on Truth Social announces that “Project Freedom” will begin in the morning to get ships out of the Strait of Hormuz pic.twitter.com/a7ygbWUEFQ

— Ben Jacobs (@Bencjacobs) May 3, 2026

As Project Freedom kicks off, shipping companies are taking a wait-and-see attitude about its effectiveness.

“We of course welcome initiatives aimed at improving the security situation in principle,” a spokesperson for German shipping giant Hapag-Lloyd told us Monday morning. “However, we currently have too little information on how such an escort service could be safely implemented in practice, so we are maintaining our risk assessment. We have taken note of the latest announcement. We are currently reviewing the information available and are in close contact with relevant authorities and our security partners.”

“At this stage, our risk assessment remains unchanged and the Strait of Hormuz remains closed for Hapag-Lloyd transits until further notice,” the company added.

While CENTCOM says Project Freedom had a successful first encounter, there are still many questions to be answered about this operation. Despite Iranian bluster, it is unknown so far if its threats are just posturing for domestic consumption or if they will really fire on U.S. warships. Such a move would guarantee a ferocious U.S. response and an end, at least temporarily, to the ongoing moves to stop the now-paused war.

Update: 2:15 PM EDT –

Earlier today, U.S. Army AH-64 Apache and U.S. Navy MH-60 Seahawk helicopters destroyed six small Iranian boats that were threatening commercial ships in and around the Strait of Hormuz, according to Cooper. You can read more about that here.

Contact the author: howard@thewarzone.com

The presidential office said Tuesday it will likely take several days to determine the cause of an explosion and fire aboard a Panama-flagged bulk carrier operated by South Korea’s HMM Co. in the Strait of Hormuz.

Presidential spokesperson Kang Yu-jung made the remarks in a written briefing after senior presidential officials, including presidential chief of staff Kang Hoon-sik, held a meeting to discuss the response to the fire.

“It is expected to take several days to analyze the cause,” the spokesperson said. “The government will brief the public transparently after swiftly and accurately determining the cause of the incident.”

The spokesperson said the vessel will be towed to a nearby port using a tugboat for investigation, with investigators from the Korea Maritime Safety Tribunal and the National Fire Agency to be dispatched.

The explosion occurred at about 8:40 p.m. Monday (Korean time), while the HMM Namu was anchored in waters off the United Arab Emirates (UAE), HMM said. The fire began in the engine room, and crew members used carbon dioxide to fight the blaze for about four hours. No injuries were reported, the company said Tuesday.

HMM said security camera footage showed the fire had been put out and said it would later inspect the engine room to assess the damage.

The freighter had 24 crew members on board — six South Koreans and 18 foreign nationals.

The cause of the explosion and fire, as well as the extent of the damage, is currently under investigation.

“It remains unclear whether the incident was caused by an external attack or an internal malfunction,” an HMM official said.

HMM said it plans to tow the freighter to Dubai, a process expected to take several days.

The spokesperson said South Korea is sharing relevant information with the United States, Iran and members of the Gulf Cooperation Council, including Saudi Arabia and the UAE.

She said the oceans ministry and the Cheonghae naval unit operating in the Gulf of Aden are in communication with the HMM Namu, adding the government is in daily contact with the 26 South Korean ships anchored in the strait.

In Washington, U.S. President Donald Trump said Monday that Iran has taken shots at a South Korean cargo ship and other targets as he called on Seoul to participate in a mission to reopen the crucial Strait of Hormuz.

The presidential office separately said it is reviewing Trump’s proposal by considering the readiness posture on the Korean Peninsula and domestic legal procedures.

“(We) are actively taking part in multiple international efforts for the swift stabilization, recovery and normalization of the global maritime logistics network.” it said. “In this context, (we) are paying attention to President Trump’s remarks.”

Industry officials said South Korean-operated ships in waters off the UAE were moving toward Qatar in line with government measures to steer clear of the Strait of Hormuz for safety.

The incident came after the U.S. launched an operation, called Project Freedom, this week to guide commercial vessels stranded by the U.S.-Israeli war against Iran out of the waterway.

HMM operates five vessels in the Strait of Hormuz, including one container ship and two oil tankers.

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BEIRUT — Confusion reigned on Monday over the fate of a fragile ceasefire between the United States and Iran after a wave of fresh strikes on the United Arab Emirates and Oman, along with reports of attacks on ships in the Strait of Hormuz, undermined confidence in the truce.

The drone and missile strikes, the first since a ceasefire halted fighting in early April, come after the Trump administration launched a wide-scale naval operation on Monday to “guide” stranded maritime vessels out of the vital waterway.

But fears over a return to war have driven another surge in oil prices, pushing them above $114 per barrel — levels not seen since the ceasefire nearly a month ago. Hundreds of cargo ships from dozens of countries remain stuck in the Gulf. And strikes in Dubai have raised concerns about further disruptions to international air travel at one of the world’s busiest airports.

Iran’s state-run news agency, IRNA, said the new U.S. operation was part of President Trump’s “delirium,” after the Islamic Revolutionary Guard Corps warned that passage through the strait required prior approval from Tehran.

“We warn that any foreign armed force, especially the invading American army, will be attacked if they attempt to approach and enter the Strait of Hormuz,” said Maj. Gen. Ali Abdollahi, according to a statement reported by the Iranian state-run Mehr News Agency on Monday.

The operation, which Trump over the weekend dubbed “Project Freedom,” is supported by 15,000 U.S. servicemen and 100 aircraft, according to U.S. Central Command. Their aim is to deny Tehran control over the strait, a narrow, 21-mile-wide passageway through which a fifth of global energy supplies flows.

On Monday, Trump vowed Iran’s forces will be “blown off the face of the Earth” if they attempt to disrupt Project Freedom.

“We have more weapons and ammunition at a much higher grade than we had before,” Trump was quoted as saying in an interview with Fox News.

“We have the best equipment. We have stuff all over the world. We have these bases all over the world. They’re all stocked up with equipment. We can use all of that stuff, and we will, if we need it.”

Iran blocked traffic through the strait soon after the United States and Israel launched their campaign on the country. Last month, days after a ceasefire between Washington and Tehran came into effect, the United States enforced its own naval blockade on Iranian ports in a bid to pressure Iran to make concessions in stalled negotiations.

On Monday, Central Command said in a statement that two American-flagged merchant ships were able to successfully transit the strait, while Central Command head Adm. Brad Cooper said the U.S. military sank six Iranian boats and intercepted missiles and drones targeting civilian vessels.

“We have defeated each and every one of those threats through the clinical application of defensive munitions,” he said.

“Project Freedom is a defensive operation, and we have deployed anti-ballistic missile destroyers,” he added. “Ships in the Gulf waters belong to 87 countries, and we urge ships to cross the strait.”

IRIB, Iran’s state-run broadcaster, quoted a senior Iranian military official who denied Cooper’s claim of sunk Iranian boats. The IRGC said in a statement on the messaging app Telegram that claims of commercial vessels or tankers traversing the strait were “baseless and completely false.”

Though Cooper did not clarify if the ceasefire between Washington and Tehran was now over, a raft of attacks throughout Monday spiked fears that the war would restart, spurring sharp price increases in already-jittery energy markets.

The UAE said a fire broke out and three Indian nationals were injured in the Fujairah Oil Industry Zone, a key export hub for the country, after what it described as an Iranian drone attack.

It also accused Iran of targeting a tanker linked to the country’s state oil company Abu Dhabi National Oil Company in the Strait of Hormuz, while the country’s defense ministry also reported four cruise missiles launched from Iran, saying that it intercepted three of them while the fourth fell in the sea.

“These attacks constitute a dangerous escalation and an unacceptable transgression,” said a statement from the UAE’s foreign ministry, adding that it “reserves its full and legitimate right to respond to these attacks.”

Elsewhere, two foreign workers were injured in an attack on a residential building in the Omani coastal province of Bukha, according to a statement from an unnamed security source quoted by the state-run Oman News Agency. Authorities were investigating the incident but did not elaborate on the perpetrator.

The U.K.’s Maritime Trade Operations Center reported on Monday that a commercial vessel was on fire off the coast of the UAE, while a South Korean bulk carrier ship said it suffered an explosion and a fire in its engine room and the cause was being investigated.

Bulos reported from Beirut, Wilner from Washington.

Iran claims its navy forced a US warship to turn back from the Strait of Hormuz as Washington denies any clash, amid rising tensions in the key waterway. The rival narratives come after US President Donald Trump announced Project Freedom, a mission he framed as a humanitarian effort to “free” stranded ships.

“I have all the cards,” posted the White House on its X account on Sunday, alongside an image of President Donald Trump holding playing cards from the Uno game, in a message appearing to signal Washington’s confidence in its ongoing war on Iran.

Uno is a card game in which the winner is the first to get rid of all their cards.

The post came after Trump announced on his Truth Social platform that the US military would begin guiding ships stranded around the Strait of Hormuz by the war on Monday, in a sign that the conflict could further escalate, despite the near-month-long fragile ceasefire. Tehran has been effectively blocking nearly all shipping from the Gulf for more than two months, after the US and Israel attacked Iran two months ago, disrupting global energy supplies.

“We have told these countries that we will guide their ships safely out of these restricted waterways, so that they can freely and ably get on with their business,” Trump said, dubbing the campaign “Project Freedom”. “They are merely neutral and innocent bystanders!”

The president added that US negotiators were engaged in “very positive discussions” with Tehran, which could lead to “something very positive” without further elaboration.

Iran, however, reacted by insisting that the security of the waterway was in the hands of its armed forces, and warned that “any safe passage and navigation in any situation” should be “carried out in coordination with the armed forces”.

On Monday, the Iranian Fars news agency reported that a US warship had been hit by two Iranian drones, the claim was denied by US Central Command.

So what leverage do the US and Iran hold over each other, and what happens next?

In response to Trump’s “I have all the cards” social media post, Iran’s Consulate General in Hyderabad, India, posted its own image on X.

“Yes, we have less cards,” Iran’s consulate in the Indian city of Hyderabad wrote on X, together with a photo of an Iranian military spokesperson holding four Uno cards compared to Trump’s five, pointing out that usually holding all the cards means you are losing, not winning, in the game of Uno.

In response to Trump’s “Project Freedom” declaration, Iran’s Islamic Revolutionary Guard Corps (IRGC) warned that ships deemed to be in breach of its rules in the Strait of Hormuz “will be stopped by force”, while insisting there has been no change in how it manages traffic through the strategic waterway.

On Monday, it issued a new map of the Strait of Hormuz with boundaries extending further to the east than its previous one, and said any ship travelling between the two sides must coordinate with the IRGC first.

“There has been no change in the management process of the Strait of Hormuz,” spokesperson Sardar Mohebbi said, adding that vessels that comply with the “transit protocols issued by the IRGC Navy” will be “safe and secure”.

“Other maritime movements that are contrary to the declared principles of the IRGC Navy will face serious risks. Violating vessels will be stopped by force,” he said.

What leverage does the US have over Iran?

Sanctions

The United States’ most enduring source of leverage over Iran remains its sanctions regime, which was launched in 1979 when Ayatollah Ruhollah Khomeini declared Iran an Islamic Republic.

Successive US administrations over the past 47 years have hit Tehran with a series of financial restrictions targeting Iran’s banking, oil exports and access to international markets – the US says the sanctions are a response to Iran’s nuclear programme.

Sanctions have significantly constrained Iran’s economy, limiting government revenue and contributing to inflation and currency depreciation. Measures enforced through the US Treasury also deter other countries and companies from engaging with Iran, further strangling its economy.

The economic pressure has been central to US strategy towards Iran, particularly during its attempts to force Tehran back to negotiations over its nuclear programme, under both Democratic and Republican administrations.

Military power

Beyond economics, the US maintains overwhelming military superiority, especially air power. Aircraft carriers, long-range bombers and precision strike capabilities give Washington the ability to target Iranian infrastructure with relatively low risk to its own forces.

US bases across the Gulf, as well as military partnerships with regional allies – most notably Israel – reinforce this advantage.

American forces, together with the Israeli army, have killed more than 3,000 people, and struck thousands of sites across Iran in the current war, including Iran’s energy and nuclear sites.

Naval blockade

Since mid-April, the United States has enforced a widespread naval blockade of Iranian ports and ships. The operation began on April 13 after talks between Washington and Tehran collapsed, with US forces ordered to stop or divert vessels entering or leaving Iranian ports.

US forces have since intercepted or turned back dozens of ships, and seized a container ship, the Touska. On Monday, the US announced that its crew had been repatriated to Iran from Pakistan, where they were taken after their ship was captured in the Gulf of Oman last month.

According to Trump, the blockade is designed to choke Iran’s oil exports, its main revenue source.

US officials say the measures have severely disrupted Iran’s trade, which relies heavily on sea routes.

What leverage does Iran have?

Strait of Hormuz

The vital waterway is Iran’s most significant strategic asset, the narrow passage ships one-fifth of the world’s oil and liquefied natural gas (LNG) supplies in peacetime.

Tehran has effectively closed the strait since the war began on February 28, sending global oil and gas prices soaring and energy markets into turmoil. Iran has repeatedly demonstrated its ability to target shipping, seize vessels, or conduct military exercises, demonstrating its ability to close or restrict the strait.

The result is soaring energy prices globally, forcing many countries to implement severe austerity measures to soften the blow.

Last week in the US, the average price of a gallon (3.8 litres) of gasoline (petrol) rose to $4.30, according to the American Automobile Association (AAA), up from less than $3 before the war.

Surging energy costs have driven up inflation and deepened economic uncertainty in the US, compounding Trump’s political troubles amid overwhelming disapproval for the war amongst Americans.

Even if the US does begin escorting ships through safely – the threat from mines or Iranian strikes may be enough to prevent tankers from attempting to sail, experts say. Insurance companies are also unlikely to underwrite voyages.

Regional allies

Iran’s network of allied groups across the Middle East is another asset that Tehran relies on heavily. These include armed groups in Iraq and Syria, as well as Hezbollah in Lebanon and the Houthis in Yemen

Through these groups, Iran has exerted pressure indirectly, targeting US interests and allies without engaging in direct confrontation.

One critical threat Iran has previously made is for the Houthis to disrupt shipping in the Bab al-Mandeb, another vital maritime chokepoint linking the Red Sea to the Gulf of Aden.

The Houthis, an Iran-aligned group in Yemen, have previously targeted shipping in this area, most notably during Israel’s genocidal war on Gaza, further raising concerns about the security of global trade routes.

Roughly 4.2 billion barrels of crude oil and refined petroleum liquids flowed through the strait in 2014, accounting for about five percent of global supply.

Cheap drones and cluster bombs

While nowhere near the military capabilities of the US, Iran’s investment in missile and drone programmes has proven to be an effective means of deterrence. That is particularly through its ability to threaten regional US bases and impose significant costs on regional countries hosting American assets involved in military operations against Tehran.

While the US undoubtedly has a more sophisticated and powerful arsenal at its disposal, the interceptors it uses to combat Iranian drones cost around $4 million each, while Iran’s Shahed drones can be mass-produced at $20-50,000 each.

Furthermore, Iran’s ballistic missiles have proved capable of breaching Israel’s much-lauded “Iron Dome” defence system on several occasions. Iran has also dropped cluster bombs, which divide before they can be intercepted, making them much harder to stop.

So does the US really hold the most cards?

Michael Clarke, visiting professor at the Department of War Studies, King’s College London, said Trump’s overwhelming conventional military strength has failed to translate into strategic leverage on the ground.

“President Trump thinks he is a great poker player,” Clarke told Al Jazeera. “He thought America’s sheer destructive potential put all the ‘cards’ in his hand” when starting the war on Iran.

But Iranian forces have consistently disrupted US expectations through asymmetric tactics, he said.

“At every turn, the Iranians have come up with asymmetric tactics – vicious, reckless tactics – that have negated everything the Americans have tried to do,” Clarke noted, describing a pattern in which traditional US military superiority has been blunted by unconventional responses.

Despite significant American forces and assets in the region – including “no fewer than three US Carrier Strike Groups, two Marine Expeditionary Units, hundreds of combat aircraft and thousands of troops”, Clarke argued that Washington has struggled to find an effective use for its multi-billion-dollar resources at its disposal.

Moreover, he said, domestic pressure on Trump is growing. Trump “can’t find a way to use them [US forces] that will make any real difference to the current stalemate in the limited time he has before his own MAGA base concludes he has lost the game”.

Clarke also highlighted the willingness of Iran’s IRGC to escalate tensions. “Whatever this war might do to Iranian society, the IRGC is prepared to gamble with its own existence in the fight,” he added.

May 4 (UPI) — An oil tanker was struck late Sunday near the Strait of Hormuz, the second attack on a vessel in the Persian Gulf in about eight hours.

The United Kingdom Maritime Trade Operations said in a statement that it received a report of a tanker being hit by unknown projectiles as the vessel was about 78 nautical miles north of Fujairah, United Arab Emirates, near the northern tip of Oman’s Musandam Peninsula by the Strait of Hormuz.

The attack occurred at about 11:40 p.m. local time, it said, adding that all crew were safe and there was no environmental impact from the strike.

The tanker was not identified.

The oil tanker was struck a little more than eight hours after a bulk carrier was attacked by “multiple small craft” in the same region.

The UKMTO said the unidentified bulk carrier was attacked Sunday afternoon about 11 nautical miles west of Sirik, Iran. All crew were reported safe.

The agency is advising vessels to transit the Strait of Hormuz with caution.

The maritime security threat level in the strait remains critical as the United States is enforcing a blockade of Iranian ports in response to Iran restricting which vessels can transit the strait.

The attacks come as U.S. President Donald Trump on Sunday vowed to “free” cargo ships trapped in the Persian Gulf since the U.S.-Israel war against Iran began on Feb. 28.

In his Truth Social post, Trump said Project Freedom would begin Monday with the goal of helping ships sailing under neutral flags navigate the strait. Few specifics on how the operation will work were given.

More than two dozen vessels have reportedly been attacked in the strait since the war began.

Published on
04/05/2026 – 7:15 GMT+2

Crude prices were slightly lower ahead of European markets opening as traders digested comments from US President Donald Trump that Washington would help ships leave the Strait of Hormuz from today. Iran, however, has rejected the plan.

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At the time of writing, the price of a barrel of US benchmark crude (WTI) was down 0.28% to $101.65 a barrel, while Brent crude, the international standard, edged down 0.06% to $108.10 a barrel.

Much hinges now on progress towards ending the war with Iran and unlocking the bottleneck through the Strait of Hormuz.

The oil market “remains the fulcrum, with hundreds of tankers, bulk carriers, and cargo ships still stranded across the Gulf, idling as storage constraints force producers to shut … production simply because there is nowhere left to store it,” Stephen Innes of SPI Asset Management said in a commentary note.

Trump said what he called “Project Freedom” would begin Monday morning in the Middle East. The US Central Command said it would involve guided-missile destroyers, more than 100 aircraft and 15,000 service members, but the Pentagon did not immediately answer questions about how they would be deployed.

Asia-Pacific and US markets

In Asian share trading overnight, Hong Kong’s Hang Seng jumped 1.4% to 26,135.47. Markets in mainland China and Japan were closed for “Golden Week” holidays. In Australia, the S&P/ASX 200 slipped 0.3% to 8,704.70.

Strong buying of tech stocks pushed shares in South Korea sharply higher, as the Kospi gained 3.8%. Taiwan’s Taiex surged 4.2%.

On Friday, the S&P 500 climbed 0.3% to another all-time high of 7,230.12, closing out a fifth straight winning week. The Dow Jones Industrial Average dipped 0.3% to 49,499.27, and the Nasdaq composite added 0.9% to a record close of 25,114.44.

Apple led the way after delivering better profit than expected. Because it’s one of Wall Street’s biggest stocks in terms of overall size, its rally of 3.3% was by far the strongest force lifting the S&P 500.

Stock prices generally follow the path of corporate profits over the long term, and US companies have been exceeding expectations for earnings in the first three months of 2026. That’s even with the war with Iran and high oil prices souring confidence for many US households.

Strong earnings boost S&P 500

A little more than a quarter of the companies in the S&P 500 have reported already, and 84% of them have topped analysts’ estimates, according to FactSet. The index is on track to deliver roughly 15% growth in profit from a year earlier.

The main uncertainty for the global economy is where oil prices are heading because of the Iran war. Oil prices moved higher last week on worries that the war might keep the Strait of Hormuz closed for a long time, trapping oil tankers pent up in the Persian Gulf instead of delivering crude to customers worldwide.

Brent was selling for a little more than $70 per barrel before the war began, and soaring prices helped the two biggest U.S. oil companies report stronger profit for the latest quarter than analysts expected. But stock prices nevertheless fell for both Exxon Mobil, 1%, and Chevron, 1.4%, as oil prices regressed Friday and each reported drops in net income from a year earlier.

In other dealings early Monday, the dollar rose to 157.18 Japanese yen from 156.80 yen. The euro fell to $1.1724 from $1.1746.

US President Donald Trump has announced ‘Project Freedom’, a naval mission to escort stranded ships through the Strait of Hormuz starting Monday, warning any interference will be met “forcefully”. The move comes amid a fragile US-Iran truce, with Tehran warning it would treat US intervention as a breach.

“For the good of Iran, the Middle East, and the United States, we have told these Countries that we will guide their Ships safely out of these restricted Waterways, so that they can freely and ably get on with their business,” he said in a post on social media without specifying which countries.

Iran says the Strait of Hormuz will never return to the status quo that existed before the US and Israel launched their war. A draft Iranian law would permanently ban Israeli vessels and deny transit to nations deemed ‘hostile’ by their alliance with the US.

May 3 (UPI) — Oil exports from the United States have increased by more than 30% the U.S.-Israeli war in Iran started and the Strait of Hormuz was blockaded in response.

The Port of Corpus Christie has overtaken the ports in Saudi Arabia and Iraq in the last few weeks as the two Persian Gulf ports have been cut off from the rest of the world since the Strait has been blockaded.

Over the past two months, the United States has sold more than 250 million barrels of oil to foreign buyers as exports have increased by 30%, from 3.9 million barrels per day in February to 5.2 million barrels per day in April, Bloomberg and CNBC reported.

Experts have warned, however, that domestic oil inventories are depleting stockpiles and there is a question of how long the country will be able to continue replacing oil on the market that is stuck in the Strait.

Although selling oil is good for business, oil producers are struggling to keep up with the demand and it is possible that selling so much could have an add-on effect of pushing gas prices for American consumers even higher than they have gone since the war started.

“Ships are coming to take our oil, but once significant volumes of are leaving the United States, it can be expected that balances will tighten,” Clayton Seigle, senior fellow at the Center for Strategic and International Studies, told Bloomberg.

“We are digging ourselves a hole in terms of spending down inventories,” he said.

Roughly 20% of global oil supplies pass through the Strait of Hormuz and Iran’s shutting of it has caused gas and fuel prices to skyrocket over the last two months, including massive effects on the airline industry, which has seen seen the price of jet fuel double since before the war.

Oil from the United States, Latin America and West Africa could for a short time be a substitute for Middle Eastern oil for countries in Asia, which has been hurt the most, but it is not ideal, Matt Smith, director of commodity research at Kpler, told CNBC.

“Asian markets are buying whatever they can get their hands on, so they’re taking a lot of light sweet [American] crude [oil],” Smith said, but their refineries are optimized for the heavier oil produced in the Middle East.

“It’a hole that can’t be plugged,” Smith told CNBC. “The answer has to be ensuring secure supply from the Middle East.”

[kicker]

The Strait of Hormuz, a narrow waterway once carrying roughly a fifth of the world’s oil and gas, remains effectively closed after the United States and Iran imposed competing blockades.

Naval blockades are one of the oldest weapons in warfare, requiring no ground troops or invasion, just the ability to cut off what an enemy needs to survive. These blockades have reshaped economies, societies and alliances across generations, sometimes with instant shockwaves, sometimes with effects only seen later.

From Israel’s ongoing siege of the Gaza Strip to blockades during World War I, here are some notable naval blockades in modern history:

Israel’s siege of Gaza (2007-present)

Israel’s complete land, sea and air blockade of the Gaza Strip is one of the longest sieges in modern history.

Launched in 2007, Israel has limited the entry of goods and essential supplies, causing a prolonged humanitarian and economic crisis for the Strip’s 2.3 million people, who cannot travel freely.

Before Israel’s genocidal war on Gaza began in October 2023, fishermen were restricted to 6-15 nautical miles (11-28km) from shore, well below the 20-nautical-mile (37km) zone guaranteed by the Oslo Accords.

After 2023, with Israel’s policy of starving the population, fishermen have taken extreme measures to feed their families, leading to many being killed by Israeli fire.

Since 2008, several Freedom Flotilla vessels have attempted to break the Israeli blockade. Since 2010, all flotillas attempting to break the Gaza blockade have been intercepted or attacked by Israel in international waters.

On April 30, Israel raided 22 out of the 58 vessels in the most recent Global Sumud Flotilla campaign in international waters more than 1,000km (620 miles) from Gaza.

Blockade of Biafra (1967-70)

During the Nigerian Civil War, which began in July 1967, the Nigerian federal government imposed a land, sea and air blockade on the secessionist Republic of Biafra shortly after it declared independence.

The blockade led to widespread starvation, widely seen as a deliberate wartime strategy, transforming a territorial conflict into a global humanitarian crisis. Death tolls vary, but it is estimated that one to two million people died, the vast majority from hunger and disease rather than direct conflict.

The nearly three-year-long blockade ended with the Biafran surrender in January 1970.

Beira Patrol blockade (1966-75):

The Beira Patrol was a nine-year-long blockade by the British navy to prevent oil from reaching Rhodesia, present-day Zimbabwe, through the Mozambican port of Beira, enforced under United Nations sanctions following Rhodesia’s unilateral declaration of independence.

The blockade largely failed its strategic goal. Rhodesia continued receiving oil via South Africa and other Mozambican ports, which the UN resolution did not authorise the British navy to intercept.

Additionally, the cost to the United Kingdom was substantial. The operation tied up 76 naval ships over nine years, with two frigates required on station at all times.

The blockade ended in July 1975, when Mozambique’s newly gained independence from Portugal allowed it to credibly commit to blocking oil transit to Rhodesia, rendering the naval patrol redundant.

Cuban Missile Crisis ‘quarantine’ (1962)

In October 1962, the US ordered a naval “quarantine” of Cuba after US U-2 spy planes discovered Soviet nuclear missile sites under construction on the island.

The US deliberately called it a “quarantine” rather than a blockade, which would have been legally an act of war, aiming to prevent the Soviets from bringing in more military supplies and to pressure them to remove the missiles already there.

The quarantine drew a line 500 nautical miles (920km) from Cuba’s coast, with US warships authorised to stop, search, and turn back any vessel carrying offensive weapons if necessary.

The crisis brought the world to the brink of nuclear war. The then-Soviet First Secretary Nikita Khrushchev called the blockade “outright piracy” and an act of aggression, and initially ordered ships to proceed. For several days, Soviet vessels steamed towards the quarantine line as the world watched.

The most dangerous phase of the standoff lasted 13 days. An agreement was reached in which the Soviets would dismantle their offensive weapons in Cuba in exchange for a US public declaration not to invade Cuba, and a secret agreement to remove US Jupiter missiles from Turkiye.

The naval quarantine was formally ended on November 20, 1962, after all offensive missiles and bombers had been withdrawn.

Blockade of Wonsan (1951-53)

During the Korean War, UN naval forces led by the US imposed a blockade of the North Korean port of Wonsan in February 1951, lasting nearly two and a half years.

It aimed to deny the North Korean navy access to the city, which was strategically significant for its large harbour, airfield and petroleum refinery.

The blockade was preceded by a dangerous mine-clearance operation in October 1950. North Korean forces had been well supplied by the Soviet Union and China with sea mines, and during the clearance, the sweepers USS Pledge and USS Pirate were sunk, killing 12 men and wounding dozens.

The operation successfully constrained North Korean and Chinese forces on the east coast, forcing them to divert thousands of troops and artillery pieces away from the front line. UN forces also captured several harbour islands, which strengthened the blockade’s grip on the port.

The blockade ended after 861 days with the signing of the Korean Armistice Agreement in July 1953. By that point, allied naval fire had almost levelled Wonsan.

US submarine blockade of Japan (1942-45)

The US imposed a submarine blockade against Japan during the Pacific War.

The blockade began taking shape in 1942, combining US naval submarine attacks on merchant shipping with minelaying operations to cripple Japan’s war capabilities, disrupt shipping and cut off vital supplies such as food and fuel.

As an island nation, Japan was especially vulnerable, almost entirely dependent on imports of oil, rubber and raw materials. Its economy and military could not function without open sea lanes.

Over the course of the war, US submarines sank some 1,300 Japanese merchant ships and roughly 200 warships. By 1945, oil imports had effectively ceased.

Food imports collapsed, causing significant shortages and malnutrition across Japan by 1945, though the extent of civilian starvation is disputed.

After the US dropped atomic bombs on Hiroshima on August 6 and Nagasaki on August 9, 1945, Japan announced its surrender on August 15, bringing the blockade and the Pacific War to an end.

Blockade of eastern Mediterranean (1915-18)

In August 1915, during World War I, the Allied forces imposed a blockade of the eastern coast of the Mediterranean to cut off military supplies and weaken the Ottoman Empire’s war effort.

The declared area ran from the intersection of the Aegean Sea and the Mediterranean Sea in the north to the Egyptian frontier in the south. The blockade was initiated by Britain and France, later assisted by Italy and other Allied powers.

The consequences were devastating. Military supplies, munitions, oil, food and medicine were all targeted. The food crisis was compounded by a locust plague in 1915 and a severe drought, contributing to severe famine across Lebanon and Greater Syria.

Reports suggest the famine led to 500,000 deaths by 1918, mostly civilians, with Mount Lebanon losing an estimated one-third of its population. Mass migration followed.

The blockade remained in place throughout the war and lifted only when Allied forces occupied Beirut and Mount Lebanon in October 1918.

Allied blockade of Germany (1914-19)

The British navy began blockading Germany almost immediately after the outbreak of the war in August 1914.

The naval blockade extended from the English Channel to Norway, cutting off Germany from the oceans.

Britain mined international waters to prevent ships from entering the ocean, creating danger even for neutral vessels.

Germany responded by declaring the seas around the British Isles a “military area”, prompting Britain and France to ban all goods to and from Germany.

The blockade’s most devastating consequence was famine. The winter of 1916-17, known as the Turnip Winter, marked one of the harshest years in wartime Germany.

The blockade had cut off food and fertiliser imports, a failed potato harvest left little to fall back on, and a breakdown in food distribution compounded the crisis. It is estimated that between 424,000 and 763,000 civilians died from diseases related to hunger and malnutrition.

The blockade was not yet fully lifted until July 1919, after the Treaty of Versailles had been signed.

May 1 (Asia Today) — Japan considered deploying its Self-Defense Forces to the Strait of Hormuz ahead of a summit with U.S. President Donald Trump but ultimately held back due to constitutional and legal constraints, reports said Friday.

Prime Minister Sanae Takaichi reviewed options in March to send naval assets to the region amid heightened tensions in the Middle East, according to Japanese media.

Two proposals were examined: dispatching minesweepers under Japan’s Self-Defense Forces law or sending destroyers and patrol aircraft for “survey and research” purposes under a separate legal framework. Both options were shelved due to concerns they could violate Japan’s pacifist constitution.

Article 9 of Japan’s constitution renounces war and prohibits the use of force to settle international disputes, placing strict limits on overseas military operations.

The discussions were prompted in part by U.S. requests for allied support in securing maritime routes. Trump warned in March that Iran could disrupt shipping in the Strait of Hormuz using drones, mines and short-range missiles, and called on countries including Japan, South Korea and European allies to contribute naval forces.

The Strait of Hormuz is a critical energy corridor for Japan, which depends heavily on Middle Eastern oil imports. Any prolonged disruption could affect supplies of crude oil, naphtha and petrochemical products.

Japanese officials acknowledged the urgency of ensuring maritime security but stressed legal limits. Defense Minister Shinjiro Koizumi said Japan must act within the bounds of its laws, while Takaichi told parliament she had explained constitutional constraints during talks with Trump.

Legal concerns centered on whether minesweeping operations in a conflict zone could be considered part of combat activities, potentially violating Article 9. Similarly, deploying naval vessels under the guise of research could be viewed as de facto joint operations with U.S. forces in a high-risk area.

Despite the decision, debate continues within Japan. Lawmakers from the ruling Liberal Democratic Party have suggested revisiting deployment options if maritime disruptions persist, emphasizing the importance of securing sea lanes.

The episode highlights Japan’s evolving security posture. While Tokyo has expanded defense spending and strengthened alliances, its ability to deploy forces abroad remains constrained by constitutional interpretation.

The issue also carries implications for South Korea, which relies on the same energy routes. If the United States increases pressure on allies to contribute to maritime security, both Seoul and Tokyo may face similar dilemmas balancing energy security with military involvement.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260501010000010

Latest warning comes as Iranian state media reports Tehran has presented new peace proposal to US.

The United States has warned that any shippers paying tolls or other fees to Iran for passage through the Strait of Hormuz risk being sanctioned.

The warning on Friday comes as a US naval blockade of the strait continued for its third week, amid stalled US-Iran ceasefire talks. Iranian President Masoud Pezeshkian has called the ongoing siege on the country’s ports “intolerable”.

Iran’s influence over, and ability to effectively close, the Strait of Hormuz emerged as a key point of leverage shortly after the US and Israel began launching attacks on Iran on February 28.

About one-fifth of the global crude oil and liquefied natural gas maritime shipments pass through the arterial waterway.

In its past proposals to end the war, Iran has proposed charging fees or tolls for vessels seeking to pass through the state. Washington has repeatedly rejected the prospect.

The advisory from the Department of the Treasury’s Office of Foreign Assets Control said Iran may offer shippers fiat currency, digital assets, offsets, informal swaps, or other in-kind payments.

It said those also included payments framed as charitable donations, including to the Iranian Red Crescent Society, Bonyad Mostazafan, or Iranian embassy accounts.

“OFAC is issuing ‌this alert to warn US and non-US persons about the sanctions risks of making these payments to, or soliciting ‌guarantees ‌from, the Iranian regime for safe passage,” it said.

“These risks exist regardless of payment method,” it said.

Both the government of Iran and the International Revolutionary Guard Corps (IRGC) remain under US sanctions.

The advisory on Friday came as Iranian state media reported that Tehran had sent a new proposal for a lasting ceasefire to the Trump administration.

A White House spokesperson said it does not “detail private diplomatic conversations”, declining to confirm receipt of the proposal.

The spokesperson, Anna Kelly, added that “Trump has been clear that Iran can never possess a nuclear weapon, and negotiations continue to ensure the short- and long-term national security of the United States”.

Both sides have largely halted attacks since reaching a tentative agreement to pause fighting on April 7. Trump has repeatedly threatened to resume attacks amid the stalled negotiations.

Iran’s Foreign Minister Abbas Araghchi said Friday that Tehran remains open to diplomacy with the US if Washington alters its “expansionist approach” and “threatening rhetoric”.

April 30 (UPI) — Oil prices briefly topped $126 a barrel in Asian trade overnight as markets reacted to news the United States might resume its military offensive against Iran and fears the Hormuz Strait might remain closed for much longer than anticipated.

Brent crude, the global benchmark, surged to $126.31, its highest level since Russia invaded Ukraine in 2022, after a report that U.S. military commanders were pitching a campaign of “short and powerful” strikes to U.S. President Donald Trump, to force Iran back to the negotiating table.

The price retreated to around $120 by the time markets in Europe opened on Thursday and continued to fall through the morning. The Brent contract for June delivery was trading at $113.91 a barrel in mid-afternoon trade in London, while American crude for June delivery was changing hands at $104.82.

Oil prices have already elevated since the war began on Feb. 28 and began climbing further on Wednesday after Trump met with executives of U.S. oil companies the previous day about how to deal with supply disruption from the closure of the Strait of Hormuz by Iran, which has vowed it will continue until the United States’ blockade of its ports is lifted.

The group discussed “steps we could take to continue the current blockade for months if needed and minimize impact on American consumers,” a White House official said.

Around 25% of the world’s oil supply passes through the strait and the prospect of it remaining effectively closed for months has set alarm bells ringing in markets as traders’ faith in an early resolution fades and “the reality of the supply situation” sets in.

“The breakdown of talks between the U.S. and Iran, along with President Trump reportedly rejecting Iran’s proposal for a reopening of the Strait of Hormuz, has the market losing hope for any quick resumption in oil flows,” said William Patterson, ING’s Singapore-based head of commodities strategy.

Trump has said he believes the regime in Tehran will blink first, saying they were less afraid of the bombing than the blockade, with U.S. officials banking it will force Iran to shutter oil production because the oil has nowhere to go and the country lacks sufficient storage facilities.

Qatar’s foreign ministry spokesman Majed al-Ansari told reporters at a weekly briefing that the Strait of Hormuz must not be used as a bargaining chip, as peace talks between the US and Iran continue to stall.

U.S. President Donald Trump met with top national security officials today to discuss a new Iranian proposal that would reopen the Strait of Hormuz, White House Press Secretary Karoline Leavitt confirmed. Iran offered a new deal to reopen the Strait and end the war, with nuclear negotiations postponed for a later stage, Axios reported, citing a U.S. official and two sources with knowledge.

As part of that deal, “the ceasefire would be extended for a long period or the parties would agree on a permanent end to the war,” Axios posited. “According to the proposal, the nuclear negotiations would only start at a later stage, after the strait was open and the blockade lifted.”

The new proposal, passed to the United States by Pakistan, likely won’t earn the support of Trump, who has repeatedly demanded a final end to Iran’s nuclear program as part of an overall deal to reopen the Strait, lift the blockade, and make the ceasefire permanent.

“We have all the cards,” Trump told Fox News on Sunday. He also stated it is imperative the U.S. gets Iran’s enriched Uranium.

“These are sensitive diplomatic discussions and the U.S. will not negotiate through the press,” Assistant White House Press Secretary Olivia Wales told us Monday morning in response to our questions about the claimed Iranian offer. “As the President has said, the United States holds the cards and will only make a deal that puts the American people first, never allowing Iran to have a nuclear weapon.”

The claimed Iranian offer comes as diplomacy has stagnated. Late last week, Trump called off a trip to Pakistan by envoy Steve Witkoff and Jared Kushner after Iran signaled it wouldn’t meet with the U.S. delegation there.

In an interview with Fox News on Monday, U.S. Secretary of State Marco Rubio pushed back on Iran’s claim that it will reopen the Strait of Hormuz.

“And what they mean by opening the Straits is, yes, the Straits are opened. As long as you coordinate with Iran, get our permission, or we’ll blow you up and you pay us,” Rubio stated. “That’s not opening the Straits. Those are international waterways. They cannot normalize, nor can we tolerate them trying to normalize a system in which the Iranians decide who gets to use an international waterway, and how much you have to pay them to use it.”

Iran’s armed forces would be the authority responsible for the Strait of Hormuz under the country’s proposed law for managing the waterway, a top official says.

Ebrahim Azizi, head of the national security commission in Iran’s parliament, tells state television that the armed forces are already in control of the Strait and are seeking to prohibit the passage of “hostile vessels.”

Azizi added that the proposed law states that financial gains from the strait should be paid in the local rial currency.

Clearly, Trump’s blockade aims to cripple Iran economically and pressure the regime into making a deal or face possibly years of economic ruin once their oil infrastructure degrades.

A satellite image emerged showing Iran, as of Sunday, still loading oil onto tankers at Kharg Island.

“So beware of talk about Tehran running out of onshore / floating storage in only a couple of days,” Bloomberg energy and commodities columnist Javier Blas said Monday on X. 

Blas’ observation about Kharg Island was in reference to a statement Trump made Sunday on Fox News signaling an interest in maintaining the blockade of Iranian ports. The president claimed that Iran’s oil infrastructure could “explode” in about three days because of mechanical issues exacerbated by that blockade.

“When you have, you know, lines of vast amounts of oil pouring through your system, if for any reason that line is closed because you can’t continue to put it into containers or ships, which has happened to them — they have no ships because of the blockade — what happens is that line explodes from within, both mechanically and in the earth,” Trump told Fox News’ “The Sunday Briefing.”

“It’s something that happens where it just explodes. And they say they only have about three days left before that happens. And when it explodes, you can never, regardless, you can never rebuild it the way it was.”

On that note, WSJ reports that China is looking to export oil to China via railway in order to circumvent the blockade, even though this is a far less efficient method:

UPDATES

An Iranian F-5 combat jet flew through U.S. air defenses and struck Camp Buehring in Kuwait during the first days of the war, NBC News reported. The attack happened despite the aircraft being heavily outclassed by opposing aircraft and air defenses and the infrastructure to operate Iranian fighters being heavily targeted during this conflict, as well as the 12-Day War between Iran and Israel last June. 

The news about the F-5 was part of a larger story by NBC that claimed Iran caused billions of dollars in damage to U.S. military assets and bases in the Gulf region. The targets included runways, high-end radar systems, dozens of aircraft, warehouses, command headquarters, aircraft hangars and satellite communications infrastructure, much of it we have already reported.

As TWZ editor-in-chief Tyler Rogoway notes, U.S. Marine Corps F/A-18 C/D Hornets F/A-18C Hornets from the VMFA-312 “Checkerboards” that arrived in the Middle East will bring special capabilities to the fight, especially around the Strait of Hormuz, should it reignite.

“USMC F/A-18C/Ds pushed to the Middle East are extremely capable drone hunters,” he wrote on X. “Now significantly upgraded w/APG-79V4 AESA and APKWS air-to-air rockets. Good targeting pod etc. Marines better at dispersed ops. Expect them forward and working in counter air screen over gulf if needed. Good for hunting small boats too etc.”

Iranian Foreign Minister Abbas Araghchi met with Russian President Vladimir Putin today in St. Petersburg to discuss the war and efforts to end it. The meeting comes as a shaky ceasefire extension issued by U.S. President Donald Trump continues to hold despite Iran’s closure of the Strait of Hormuz and an ongoing U.S. blockade of Iranian ports.

Araghchi “explained the diplomatic process of Pakistan’s mediation for the complete end of the imposed war and the establishment of peace and security in the Persian Gulf region and the Strait of Hormuz,” his Telegram channel noted. “He considered the continuation of America’s destructive habits, especially insistence on unreasonable demands, frequent changes in positions, threatening rhetoric, and continuous breaches of agreements as factors slowing down diplomatic progress.”

Putin, for his part, said he hopes that the Iranian people will get through “this difficult period of trials and that peace will come,” according to Russia’s official TASS news outlet.

Putin added that Moscow is ready to do everything in its power to ensure that peace in the Middle East “is achieved as quickly as possible.” He also stressed that Russia “intends to maintain” its strategic relations with Iran.

As we have frequently noted, Iran and Russia have close military and economic ties. Moscow has reportedly provided Iran with intelligence to help its targeting of U.S. assets in the Middle East while Iran provided Russia with Shahed-136 drones used during the war in Ukraine.