US president briefly pauses ‘Project Freedom’ operation escorting ships through strait of Hormuz

Oil prices fell after Trump said the U.S. would pause its naval escort endeavor in the Strait of Hormuz, raising hopes of a potential deal with Iran.

President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation.

Wall Street had already set records on Tuesday, with the S&P 500 rising 0.8 per cent to a new all-time high

US president briefly pauses ‘Project Freedom’ operation escorting ships through strait of Hormuz

US president pauses ‘Project Freedom’ to work on ‘final agreement’ with Tehran; stocks also ride high on AI euphoria