President Donald Trump says he is suspending 'Project Freedom," an operation he announced to guide stranded ships through the Strait of Hormuz, citing progress in diplomatic talks with Iran to end the Middle East war.
However, in announcing the pause on social media, Trump vowed to maintain the U.S. blockade of Iranian ports. He did not give any detail to substantiate his claims of progress in peace talks.
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Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.