from ZeroHedge:
Summary
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Trump announce ‘pause’ to Project Freedom amid optimism of a “complete and final” deal with Iran; French ship confirmed hit in cruise missile attack, crew members injured
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Rubio declares ‘offensive’ actions of Operation Epic Fury are over, and now Project Freedom is in swing. Another vessel comes under attack in Hormuz.
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UAE under attack again, confirmed in state sources – however which Iran denies doing – instead saying its actions were directed at the United States. White House still hasn’t declared end of ceasefire.
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Pentagon addresses whether ceasefire over or violated: Caine says Iran’s Monday operations were “all below the threshold of restarting major combat operations at this point.“
TRUTH LIVES on at https://sgtreport.tv/
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Contradictory statements out of Tehran on UAE attack, amid reports of division between IRGC & civilian leaders.
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Two US Navy destroyers transited the Strait of Hormuz and entered the Persian Gulf.
- Iranian Foreign Minister Abbas Araghchi travels to Beijing to discuss crisis with Chinese counterpart.
The odds of a peace deal being completed just jumped…
Trump Pauses Project Freedom
There is a knee-jerk wave of optimism across assets with WTI crude futures lower, US equity contracts and Treasury futures higher after President Trump said Project Freedom will be paused.
Trump also said there is progress toward a final agreement with Iran which is what investors really want to see as it could potentially mean a reopening of Hormuz.
Trump statement on his TruthSocial feed (emphasis and spacing ours):
Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally…
…the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran…
…we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed.
WTI crude futures are testing back below $100…
Polymarket odds of Hormuz traffic returning to normal has jumped to better than a coin-flip…
