Iran insists on a fair and comprehensive peace agreement as the US temporarily halts its naval mission to reopen the Strait of Hormuz. The move follows a series of attacks and diplomatic efforts to resolve the ongoing conflict.
Iran stated on Wednesday that it would only accept a peace agreement if it was deemed fair, following US President Donald Trump's decision to temporarily halt a three-day naval operation aimed at reopening the Strait of Hormuz.
The operation, known as Project Freedom, had been launched to ensure safe passage through the strategic waterway but instead provoked a series of Iranian attacks on ships and targets in neighboring countries. The latest incident involved a French container ship that was struck in the strait, resulting in injuries to the crew. Trump announced the pause in the mission, citing progress in negotiations with Iran, though he provided no specific details.
He mentioned that while the blockade would remain in effect, the naval operation would be suspended for a short period to assess whether a final agreement could be reached. Trump had initially launched Project Freedom after indicating his likely rejection of Iran's latest proposal, which suggested postponing discussions on nuclear issues until after the war and the resolution of the shipping dispute. Iran's response did not address Trump's remarks directly but emphasized the need for a fair and comprehensive agreement.
Additionally, Iran's leadership highlighted the importance of diplomatic efforts among regional states to prevent further escalation. Since the war began on February 28, Iran has effectively closed the Strait of Hormuz to all shipping except its own, while the United States imposed a separate blockade on Iranian ports in April.
Project Freedom, which involved the US Navy, failed to convince merchant ships of its safety and instead led to new attacks by Iran, which expanded its control to include parts of the UAE coastline. During the mission, Iranian drones and missiles targeted several ships, including a South Korean cargo vessel that suffered an explosion in its engine room.
Tehran also conducted repeated strikes on targets in the UAE, including a major oil port that allowed some exports without passing through the strait. Following Trump's announcement of the pause, Brent crude oil futures dropped by approximately 1.7 percent, falling below $108 per barrel. The White House did not immediately respond to requests for details on the progress made or the duration of the pause.
Throughout the conflict, Trump has frequently cited progress in talks with Iran without providing evidence when announcing changes in military tactics. US Secretary of State Marco Rubio and other senior officials had previously stated that Iran could not be allowed to control traffic through the strait. After a ceasefire paused the US-Israeli bombing campaign on April 8, the United States and Iran held one round of peace talks in Pakistan.
However, efforts to organize a second round have been unsuccessful, with both sides accusing each other of making unreasonable demands. The war has resulted in thousands of deaths in Iran and the displacement of a million people, as Israel invaded to eliminate Iran-backed Hezbollah fighters who provided support across the border. Trump has consistently claimed that the war has significantly weakened Iran's military capabilities, reducing them to firing peashooters, despite Tehran's public displays of strength.
The ongoing conflict is putting pressure on Trump's administration ahead of the crucial midterm elections in November, as rising gasoline prices affect voters
Iran US Strait Of Hormuz Peace Deal Naval Mission
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US and Iran Clash in Strait of Hormuz as Tensions EscalatePresident Trump's 'Project Freedom' to open the Strait of Hormuz provokes Iranian response, leading to conflicting reports of naval engagements and attacks on shipping. The situation threatens global energy supplies and regional stability.
Read more »
US and Iran Exchange Attacks in Strait of Hormuz as Maritime Blockade ContinuesThe US and Iran launched new attacks in the Gulf on May 4, 2026, escalating tensions over the Strait of Hormuz with duelling maritime blockades. US President Donald Trump announced 'Project Freedom' to reopen the vital energy-trade chokepoint, but the move provoked Iranian retaliation, including missile strikes on a UAE oil port. The conflict has disrupted shipping, raised insurance costs, and defied a fragile ceasefire.
Read more »
US and Iran launch new attacks as they wrestle for control of Strait of HormuzPresident Donald Trump said the US shot down seven small Iranian boats, while Iran's authorities released a map of what they said was an expanded sea area now under their control.
Read more »
Oil Prices Jump as Iran Escalates Tensions in Strait of HormuzOil prices surged and stock markets fell after Iran attacked ships in the Strait of Hormuz and set a UAE oil port ablaze, prompting a pledge from the US to reopen the strait. The situation has disrupted global oil flows and increased inflation concerns.
Read more »
Oil Prices Ease as US Navy Challenges Iran’s Grip on Strait of HormuzOil prices fell slightly after rising sharply as the US Navy attempts to reopen the Strait of Hormuz amid escalating tensions with Iran. The successful escorted passage of a US-flagged vessel eased some supply concerns, but Iran responded with attacks, highlighting the ongoing struggle for control of this vital waterway.
Read more »
Iran warns US it hasn't 'even started' as Strait of Hormuz crisis deepensIran's chief negotiator warns the US that the country has not yet fully responded to actions taken against it, as tensions escalate in the Strait of Hormuz, disrupting global shipping and raising oil prices.
Read more »