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

Backlash from Saudi Arabia reportedly preceded the president's decision to pause the effort.

The nuclear-powered Charles de Gaulle and its escorts were repositioned as part of a proposed mission championed by France and Britain to restore maritime security in the Strait of Hormuz as soon as conditions allow.

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

China’s foreign minister on Wednesday called for a comprehensive ceasefire in the Iran war, in comments that could inject new energy into stalled efforts to end the two-month conflict between the United States and Iran.

The U.S. military said it fired on Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz on Monday. The United Arab Emirates said it had come under attack from Iran.

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.

The Iran war risked reigniting after the U.S. tried to force open the Strait of Hormuz for commercial shipping, though a ceasefire seemed to be holding Tuesday even after the United Arab Emirates said Iran fired missiles and drones at it.

Donald Trump said his new ‘Project Freedom’ initiative to save ships stranded in the Gulf has been put on hold