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Strait of Hormuz crisis Tankers and Gas Dry Bulk

Project Freedom paused as shipping industry left guessing

  • Trump pauses Project Freedom one day after launch, citing progress in Iran talks
  • Shipowners unsurprised by reversal, with one calling it ‘another TACO’
  • Strait of Hormuz remains largely empty as passage rights become Tehran’s bargaining chip
  • All eyes on whether Trump’s May 14-15 summit with Xi yields any consensus on Iran

  • News

Trump pauses Project Freedom one day after launch, leaving Hormuz’s reopening in limbo as passage rights become Tehran’s bargaining chip

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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