President Trump announced that he was pausing Project Freedom, the mission of assisting commercial ships through the Strait of Hormuz, on Truth Social.
U.S. Treasury Secretary Scott Bessent said last month that a number of allies in the Gulf region and in Asia had requested currency swap lines with the United States.
Iran struck the United Arab Emirates’ Fujairah oil exporting zone with a drone, officials associated with the zone said in a statement released on Monday.
Iran warns it will target U.S. forces in the Strait of Hormuz after officials confirm a naval operation to escort commercial ships safely out of the waterway.
