Ships in the Strait of Hormuz might be the only things that aren’t moving

For tens of thousands of seafarers on the 1,600 ships stuck in the Strait of Hormuz, “Project Freedom” was anything but.

Maersk CEO Vincent Clerc said the shipping giant had deliberately taken a "very cautious approach" during the Middle East crisis.

With their location trackers shut off to avoid Iranian attacks, the United Arab Emirates and buyers have recently sailed several tankers loaded with crude through the Strait of Hormuz ​in a bid to move oil bottled up in the Gulf by the Middle East conflict,

So far, only two merchant ships are known to have passed a new U.S.-guarded route through the Strait of Hormuz.

Oil prices fell Thursday, as investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S.

President Donald Trump’s initiative to guide ships through the Strait of Hormuz was a high-stakes, high-risk attempt to jolt loose a resolution to the standoff that had come to define his war against Iran.

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