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President Trump said he was optimistic about a deal with Iran, sending stocks soaring and oil prices plummeting. NBC News' Garrett Haake reports.
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WASHINGTON — President Donald Trump's abrupt reversal on his plan to help ships go through the Strait of Hormuz came after a key Gulf ally suspended the U.S. military's ability to use its bases and airspace to carry out the operation, according to two U.S. officials.
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President Donald Trump first announced Project Freedom on Sunday in a post, promising the Navy would "guide their Ships safely out of these restricted Waterways."
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Trump calls off an effort to take control of Strait of Hormuz from Iran, citing progress on talks, but the blockade remains.
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As talks continue and proposals are exchanged, Washington and Tehran still disagree on what has been agreed.
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The ruling is the latest in a saga driven by President Trump's desire for redemption in the state, which he lost in 2020. The county is likely to appeal.
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Asia-Pacific markets jumped, shrugging off renewed tensions in the Middle East.
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Low approval ratings? MAGA divisions? The president was able to turn out party loyalists in an Indiana primary to help him oust Republican state lawmakers who had crossed him.
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There are signs of fresh momentum to end the war, but Trump himself has injected a note of caution.
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Oil prices fell and stocks rose after President Trump's about-face to pause the U.S. operation to escort commercial ships through the Strait of Hormuz
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The new NPR/PBS News/Marist poll finds that 8 in 10 Americans say gas prices are straining their household budgets.
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