U.S. President Donald Trump said the United States will start a naval mission called Project Freedom on Monday to help stranded ships navigate the Strait of Hormuz, where the report said a de facto Iranian blockade remains in place. [1]
The Strait of Hormuz carries about one-fifth of global oil and LNG flows, making it one of the world's most sensitive shipping lanes. Iran said its military would attack any foreign armed force, especially the U.S. Army, if it tries to approach or enter the waterway. [1]
The report said Iran also received a U.S. response on Sunday to its latest offer for peace talks. Iranian Foreign Ministry spokesman Esmaeil Baghaei called the planned U.S. action a "unilateral step," while Trump described the situation as "unacceptable." [1]
Pakistan's and Iran's foreign ministers discussed the regional situation and Pakistan's diplomatic efforts for peace and stability, the report said. NATO Secretary-General Mark Rutte said European nations have "gotten the message" and are making sure military-base agreements are carried out. [1]
The leaders of Australia and Japan also agreed to deepen cooperation on energy and critical minerals as the Iran war disrupts global trade. Brent crude prices were essentially flat on Monday morning after Trump's announcement. [1]
The report was published on 2026-05-04, the 66th day of the Iran war, and Trump said the Project Freedom mission will begin on Monday. [1]
