US and Iran trade fire as Hormuz reopening delays nuclear talks
Updated
Updated · Bloomberg · May 8
US and Iran trade fire as Hormuz reopening delays nuclear talks
12 articles · Updated · Bloomberg · May 8
President Donald Trump shelved “Project Freedom” on Tuesday after ordering US warships to cover merchant vessels in the Strait of Hormuz.
The exchanges have tested the ceasefire, while Iran also targeted oil facilities in the nearby United Arab Emirates.
Trump’s strategy shifts immediate focus to restoring shipping through the strait, leaving negotiations over Tehran’s nuclear and ballistic missile programmes for later.
What secret deal prompted President Trump to abruptly halt the US Navy's 'Project Freedom' escort mission?
As Iran's new toll system collects millions, is this the new reality for global oil shipping?
With the UAE quitting OPEC, has the balance of power in the Gulf permanently shifted away from Saudi Arabia?