politics
US to Deploy Military Assets to Aid Ships Stranded in Strait of Hormuz Amid Iran Dispute
US President Donald Trump stated Washington would help ships exit the Strait of Hormuz starting May 4, 2026, with operations under Project Freedom beginning May 5. Iran rejected the plan and is reviewing a US response to its 14-point proposal. Oil prices edged lower amid the standoff, while Asian markets advanced on tech gains.
May 4, 1:15 AM·3m read3 sources
EuronewsAudio version
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US President Donald Trump stated that Washington would help ships leave the Strait of Hormuz starting today, May 4, 2026. Iran rejected the US plan. Hundreds of tankers, bulk carriers, and cargo ships are stranded across the Gulf due to the Strait of Hormuz bottleneck.
He stated that 'Project Freedom' would begin Monday morning in the Middle East on May 5, 2026. US Central Command stated that 'Project Freedom' would involve guided-missile destroyers, more than 100 aircraft, and 15,000 service members.
US Central Command stated support for ships leaving the Strait of Hormuz would include guided-missile destroyers, over 100 land- and sea-based aircraft, and 15,000 service members. Iran stated the US responded to its 14-point proposal via Pakistan. Iran is reviewing the US response to its 14-point proposal.
Trump said Iran's 14-point proposal was unlikely to be acceptable. A bulk carrier reported being attacked by multiple small craft while transiting past Sirik in Iran on Sunday, May 3, 2026. 65 on May 4, 2026.
10 a barrel on May 4, 2026. 35 per barrel on May 4, 2026. 85 per barrel on May 4, 2026. Brent crude sold for a little more than $70 per barrel before the war with Iran began.
47. Markets in mainland China and Japan were closed for Golden Week holidays on May 4, 2026. 70 on May 4, 2026.
8% on May 4, 2026. 2% on May 4, 2026. 05% on May 4, 2026. 06% on May 4, 2026. 8% on May 4, 2026.
Nikkei futures were up modestly at 59,880 versus a cash close of 59,513 on May 4, 2026. 12. 27 on May 1, 2026.
44 on May 1, 2026. 3% on May 1, 2026. Apple delivered better profit than expected for the first quarter of 2026. A little more than a quarter of S&P 500 companies have reported Q1 2026 earnings as of May 4, 2026.
