JUST IN: 🇺🇸🇮🇷 President Trump says US attempt at opening Strait of Hormuz 'Project Freedom' will be paused as negotiations with Iran continue.

President Trump announced a pause on the US initiative dubbed 'Project Freedom' aimed at securing the Strait of Hormuz, as negotiations with Iran are ongoing. This development may influence risk appetite in the oil markets, particularly given the strategic importance of the Strait for global oil supply. Traders in crude oil and related energy assets could be particularly sensitive to any shifts in geopolitical tensions or supply disruptions stemming from Iran's actions. The next key event to watch will be the outcome of the ongoing negotiations with Iran, which could significantly impact market sentiment and oil prices.

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