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đź“…May 7, 2026 at 1:00 AM
Trump pauses Project Freedom in Strait of Hormuz amid Iran ceasefire talks; oil prices drop, Israel continues Gaza strikes, Hezbollah tensions persist.
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Trump Pauses Project Freedom Operation in Strait of Hormuz

President Trump announced a temporary pause of the US naval escort operation in the Strait of Hormuz, citing great progress toward a final deal with Iran. The pause follows intense fighting where Iran attacked US-protected ships, prompting US retaliation by sinking seven Iranian boats. Oil prices plunged on reports of potential agreement. Source 1Source 2Source 3

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US Secretary Rubio Declares Offensive Stage of US-Israeli War in Iran Over

Secretary of State Marco Rubio stated the offensive phase against Iran has ended, shifting to defensive operations. This comes as ceasefire holds fragilely amid ongoing Iranian missile and drone attacks on UAE. Rubio is pushing for Israel-Lebanon talks despite Hezbollah border attacks. Source 1Source 2Source 3

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Iran Rejects US Demands as Impossible in Ceasefire Talks

Iranian President Masud Peskan called US conditions for a deal unilateral and impossible to accept. Iranian Foreign Minister held talks with China, who offered to mediate for Middle East peace. Progress reported in recent US-Iran discussions. Source 1Source 4

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Oil Prices Plunge Amid Hopes for US-Iran Deal

Oil prices dropped sharply today following reports of advancing US-Iran ceasefire agreement after clashes in Strait of Hormuz. A South Korean vessel caught fire in the fighting, but US denies warship hits. Strait remains at virtual standstill. Source 1Source 3

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US Sinks Seven Iranian Boats in Strait Retaliation

US military sank seven small Iranian boats after Iran launched cruise missiles, drones, and boats at protected ships. Trump described it as tremendous military success, maintaining broader Iran blockade. No US warships struck, per Trump. Source 1Source 2Source 3

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China Offers Greater Role in Middle East Peace Efforts

Chinese Foreign Minister Wangi told Iranian counterpart China is ready for a bigger role in restoring Middle East peace. This follows Beijing talks amid US-Iran negotiations. Source 1

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Israel Conducts Near-Daily Gaza Attacks Despite Ceasefire

Israel has killed at least 830 Palestinians in Gaza since October ceasefire via near-daily strikes, including on a police station. Eyewitness accounts detail the latest attacks. Source 1

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Hezbollah Attacks Continue on Israel-Lebanon Border

IDF and Hezbollah exchange fire ongoing along northern border. US pushes for Netanyahu-Ayun summit to end fighting, per Secretary Rubio. Source 2

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Trump: 'Very Possible' US Will Make Final Deal with Iran

President Trump told reporters a comprehensive deal with Iran is very possible after good talks in last 24 hours. He paused Project Freedom to finalize agreement. Source 4

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Expert Analyzes Impact of Project Freedom Pause

Middle East expert Mark F. Cancian discussed Trump's short-term pause of Strait operations as ceasefire holds shakily. Notes fragile situation post-Iran shipping restrictions. Source 5

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Gas Prices Rise in US Despite Ceasefire Hopes

US national gas average up 6 cents overnight as White House insists ceasefire holds. Trump warns of intensified bombing if no Iran deal. Source 3

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Iranian Activist Nargus Mohammadi Hospitalized

Husband of imprisoned Iranian human rights activist Nargus Mohammadi speaks out after her severe medical issues led to hospitalization. Source 1