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Trump Pauses Project Freedom Amid "Great Progress" Towards 'Complete & Final' Agreement With Iran
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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."
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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.
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Iranian Foreign Minister Abbas Araghchi travels to Beijing to discuss crisis with Chinese counterpart.
The odds of a peace deal being completed just jumped...
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Trump Pauses Project FreedomThere 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...
Don't hold your breath though as there have been several false starts of this kind before, and traders will soon lose faith unless there are more details from the Iranian side.
Additionally late Tuesday, a French cargo ship was confirmed hit in a missile attack, injuring crew members:
A cargo ship in the Gulf region was hit by a possible land-attack cruise missile, causing several injuries among the ship's Filipino crew, two U.S. officials told CBS News.
The hit on the CGM San Antonio — which is owned by a French firm — took place late Tuesday evening local time, the officials said. The ship was near Dubai as of midday on Tuesday, but it is not clear whether the vessel has moved since then, according to public ship tracking data.
Rubio Declares Conflict in New StageSecretary of State Marco Rubio has announced Tuesday afternoon that offensive stage of Iran war is 'over'. He further said that ships stranded in the Strait of Hormuz are facing a humanitarian crisis and accused Iran of holding the world hostage by closing the Strait of Hormuz. Iran is denying that it attacked the United Arab Emirates, with the foreign ministry saying its 'defensive actions' were 'exclusively directed at the U.S.'
Operation Epic Fury is over, now Project Freedom.
The remarks were issued just as a new attack is unfolding on a foreign cargo ship in the strategic waterway:
UKMTO WARNING 055-26
Click here to read the full warning⤵️https://t.co/J5B2EilFQE#MaritimeSecurity #MarSec pic.twitter.com/EGcKTpsHtN
Reaction in oil...
...as the goalposts keep shifting:
BREAKING: REPORTER: But 10 weeks in, are we any closer to get rid of Iran's nuclear materials?
RUBIO: They no longer have a conventional shield. They have no Navy left. They don't have an Air Force. That's a very substantial achievement. That was the purpose of this. pic.twitter.com/bD33XPARVH
A revealing exchange in the Oval Office strongly suggests that even amid a second Iranian attack wave on the UAE Tuesday, the White House is unwilling to say that the ceasefire has collapsed - also given there's yet been no direct exchange of fire between US and Iranian forces:
President Trump, taking questions from reporters in the Oval Office on Tuesday, would not specify what Iran would need to do to violate the cease-fire. Asked by a reporter what would constitute a violation, considering that the country has fired on U.S. ships several times, Trump said: “Well, you’ll find out, because I’ll let you know.”
He added that “they know what to do,” and “they know what not to do, more importantly.”
Earlier the Pentagon clearly indicated that the ceasefire is still active, from Washington's point of view.
The Iranian government is meanwhile trying to bat down rumors of a division between the presidency and the IRGC/military apparatus.
Second UAE Attack Wave ActiveThe country's Ministry of Defense has just released official statement of inbound projectiles out of Iran:
- The UAE's air defenses are currently dealing with missile and drone attacks originating from Iran.
- The Ministry of Defense confirms that the sounds heard in scattered areas of the country are the result of the UAE's air defense systems intercepting ballistic missiles, cruise missiles, and drones.
- UAE Air Defences system are actively engaging with missiles and UAV threats MOD asserts that the sounds heard across the country are the result of ongoing engaging operations of missiles and UAV's
Air defense systems are currently responding to a missile threat. Please remain in a safe location and follow official channels for warnings and updates. pic.twitter.com/1srVYlQgI0
— NCEMA UAE (@NCEMAUAE) May 5, 2026There are meanwhile reports of explosions being heard on Iran's Qeshm Island, and questions raised about scenes like the following:
Fire at a commercial complex in Andisheh, #Iran, which is in Tehran Province. pic.twitter.com/JxSwgSoRng
— Jason Brodsky (@JasonMBrodsky) May 5, 2026 Is Ceasefire Over? Pentagon Answers DefinitivelyIn the Tuesday morning Pentagon presser led by War Secretary Pete Hegseth, Joint Chiefs Chair Gen. Dan Caine stated very clearly that the US views Monday's escalation (the attack on UAE and some vessels in the Strait of Hormuz) as actions which are "all below the threshold of restarting major combat operations at this point."
The Trump administration has argued that it doesn't have to seek congressional approval to continue military operations beyond a 60-day limit because there is a ceasefire in effect. But the question raised Monday is: does the fresh Iranian cross-Gulf mark the end of ceasefire? Clearly the Pentagon and Trump administration are saying no. "No adversary should mistake our current restraint for a lack of resolve," Caine then emphasized.
The ceasefire with Iran is not over, according to U.S. Secretary of War Hegseth.
Project Freedom is "separate and distinct” from Operation Epic Fury, Hegseth added.
The Iranian fire is recent days was described as "harassing" and "below the threshold of restarting major combat…
Below are some of the latest top developments from various MSM sources:
—Trump’s desire to end the Iran war is being put to the test after Tehran fired at American warships on Monday and violently disrupted a U.S. effort to revive shipping in the Strait of Hormuz. Still, Trump wants to avoid a fresh bombing campaign, officials say, preferring a negotiated end to Tehran’s nuclear advancements and the weekslong war that has raised gas prices and hurt the global economy. (WSJ)
—U.S. intelligence assessments indicate that the time Iran would need to build a nuclear weapon has not changed since last summer, when analysts estimated that a U.S.-Israeli attack had pushed back the timeline to up to a year. The unchanged timeline suggests that significantly impeding Tehran's nuclear program may require destroying or removing Iran's remaining stockpile of highly enriched uranium. (RTRS)
—Trump says war could stretch 3 more weeks, claims US 'already won.’ (ABC)
Below: Pentagon slide in Tuesday's briefing showing Iranian attacks on Hormuz shipping: "Iran has fired at commercial vessels nine times and seized two container ships since the ceasefire was announced" (Gen. Caine).
And this puts things in perspective...
In a Pentagon briefing, top U.S. General
Dan Caine says Iranian attacks on shipping and U.S. vessels is currently below the threshold of restarting major combat operations. (This included 9 attacks on commercial vessels and 10 against U.S. forces) pic.twitter.com/CU0gQVSvzJ
There's a lot of chatter that Iran's civilian government and the IRGC are at direct odds over Monday's attack on UAE, which resulted in a large blaze at the Fujairah oil facility and the three injured Indian nationals. Al Jazeera for example observes:
By targeting the facility, Iran is sending a direct message to UAE saying: “We can target your most important economic points even if you think you can get around the Strait of Hormuz,” said Turak.
Iran’s government has not confirmed or denied responsibility for the attack. Turak noted there are "quite contradictory" statements coming out of Iran, however.
And Saudi-funded Iran International claims the following dramatic schism and internal rupture over the risky cross-Gulf operation, which could signal the end of the ceasefire (though curiously President Trump himself has not said it is broken):
Exclusive information obtained by Iran International points to a growing clash between Iran’s President Masoud Pezeshkian and its military leadership over Monday’s escalation in the Persian Gulf and attacks on the United Arab Emirates.
According to sources familiar with Tehran’s deliberations, Pezeshkian has expressed strong anger at actions by the Islamic Revolutionary Guard Corps, led by Ahmad Vahidi, describing missile and drone strikes on the UAE as “completely irresponsible” and carried out without the government’s knowledge or coordination.
Pezeshkian is said to have described the IRGC’s approach to escalating tensions with regional countries as “madness,” warning of potentially irreversible consequences.
This certainly isn't the first time that Iran International, a London-based publication seen as also 'close' to Israeli intelligence, has alleged severe internal division in Iran's wartime decision-making, but the viewpoint is beginning to be echoed and reported on more broadly.
Two US Navy Destroyers Successfully Transit StraitTo review of Monday's major escalation, US Central Command said its forces had intercepted missiles targeting US Navy and commercial vessels, and also said American helicopters sank six small Iranian boats that officials said were targeting civilian vessels under American protection.
And also came a big milestone in terms of Washington aims to enforce Trump's newly announced Project Freedom plan to provide military escort for ships through Hormuz. Two US Navy destroyers transited the Strait of Hormuz and entered the Persian Gulf on Monday and overnight after navigating an Iranian barrage, according to defense officials.
CBS reports, "The USS Truxtun and USS Mason, supported by Apache helicopters and other aircraft, faced a series of coordinated threats during the passage, the defense officials said. Iran launched small boats, missiles and drones against them in what officials described as a sustained barrage." The report underscores further that "Despite the intensity of the attacks, neither U.S. vessel was struck."
Apaches, Centcom handout 'No Military Solution'Iranian Foreign Minister Abbas Araghchi has issued an interesting statement decrying Trump's attempt at escalation in Hormuz, warning that there's no “military solution” to the crisis, while warning the US, UAE, and other regional countries against being drawn into a “quagmire” in the region.
"Events in Hormuz make clear that there’s no military solution to a political crisis," Araghchi wrote on X. "As talks are making progress with Pakistan’s gracious effort, the US should be wary of being dragged back into quagmire by ill-wishers. So should the UAE. Project Freedom is Project Deadlock," to top Iranian diplomat asserted.
Also of note is that Araghchi will travel to Beijing on Tuesday for discussions with his Chinese counterpart. "During the visit he will meet his Chinese counterpart [Wang Yi] to discuss bilateral ties and regional and international developments," Iran’s Foreign Ministry said in a statement.
Below: Graham says you either pay now or you pay later. “They tried to get a nuclear weapon. If you don’t believe that, you shouldn’t be allowed to drive.”
Lindsey Graham says Americans deserve higher gas prices because many doubted Iran was going to get a nuclear weapon.
Graham says you either pay now or you pay later.
“They tried to get a nuclear weapon. If you don’t believe that, you shouldn’t be allowed to drive.” https://t.co/1dDx1PVACv pic.twitter.com/Uma2pETYt7
Officially at least, Beijing has a policy of "noninterference" in other countries’ internal affairs, and has claimed to not be involved in the Iran conflict - while Washington has consistently accused China of providing intelligence to Tehran, and even possibly military hardware or weapons.
Elsewhere in the region, South Korea’s presidential secretary Choi Soung-ah says "the safety of international maritime routes and freedom of navigation should be protected under international law" and that Seoul is "watching President Trump’s remark related to this," according Reuters. This after ann explosion and fire on a South Korean-operated ship in the Strait of Hormuz on Monday, which Trump blamed on an Iranian attack.
More Geopolitical Developmentsvia Newsquawk...
- US President Trump said Iran war could go on for another two to three weeks; time is not of the essence.
- IRGC military source told Tasnim that the US shot two small boats carrying civilians instead of shooting IRGC speedboats.
- "Iranian Defense Council member Ali Akbar Ahmadian: Our security does not accept negotiations, and Washington obstructed global navigation and energy security", Al Jazeera reported.
- Iranian President Pezeshkian has requested an immediate and emergency meeting with Supreme Leader Khamenei to ask him to stop IRGC attacks on Persian Gulf nations and prevent a recurrence, Iran International reported.
- Pezeshkian reportedly outlined that the IRGC attack on the UAE occurred without the knowledge of the government.
- US intelligence suggests strikes from the start of the war led to limited new damage to Iran's nuclear programme, Reuters sources say.
- US State Department official to Al Jazeera said the President is clear that direct communication between Israel and Lebanon is the best path toward peace; We are working to prepare the necessary conditions and political momentum to move forward with this
- Two US Navy destroyers transited the Strait of Hormuz and entered the Persian Gulf after navigating an Iranian barrage, according to defense officials who spoke to CBS News; "Iran launched small boats, missiles and drones against them".
- Maersk (MAERSKB DC) said its subsidiary's US-flagged vehicle carrier, Alliance Fairfax, exited the Gulf via Strait of Hormuz on May 4th.
- US Treasury Secretary Bessent had a "fierce row" with UK Chancellor Reeves last month over her outspoken criticism of the Iranian war, FT sources say.
- US CENTCOM posted "US warships and aircraft deployed to the Middle East are enforcing the naval blockade against Iran while executing Project Freedom to support the free flow of commerce through the Strait of Hormuz.".
- US officials say military closer to resuming combat operations than 24 hours ago, Fox reported.
- US President Trump reiterates he feels Europe has been "very disappointing".
- Iranian Foreign Minister Araghchi posted "As talks are making progress with Pakistan's gracious effort, the US should be wary of being dragged back into quagmire by ill-wishers. So should the UAE.".
- Full post:"Events in Hormuz make clear that there's no military solution to a political crisis. As talks are making progress with Pakistan's gracious effort, the U.S. should be wary of being dragged back into quagmire by ill-wishers. So should the UAE.Project Freedom is Project Deadlock.".
- Mehr News Agency said a fire broke out in two commercial ships and spread to two others in Dayyer port south of Iran; cause not clear.
- "Explosions were heard tonight in the port of Bandar Abbas (Iran) and on Qassem Island (Iran) in the Persian Gulf", N12 journalist reported citing sources in Iran.
- IRGC political deputy said traffic in the Strait of Hormuz will only be done with Iran's permission, ISNA reported; "Any kind of traffic in the Strait of Hormuz, if it is from the enemy, will be met with a decisive and crushing response".
- Iranian Parliamentary Speaker Ghalibaf said the new equation of the Strait of Hormuz is being solidified.
- Actions of the US and allies have threatened the security of shipping and energy.
- UNSC resolution prepared by the US, Saudi Arabia, Bahrain, Qatar, the UAE, and Kuwait opens the door for potential enforcement measures, AsharqNews reported citing the resolution "to be distributed tomorrow".
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Carbon Neutral, Speech Negative: Amsterdam Bans Ads Featuring Meat & Fossil Fuels
Authored by Jonathan Turley,
In “The Indispensable Right: Free Speech in an Age of Rage,” I write about how censorship often becomes an insatiable appetite once countries go down the road of speech regulation. There is no better example than the Dutch and their recent ban on public ads for meat and fossil fuels. Activists have imposed similar limitations on advertising for products in the United States, from alcohol to tobacco. However, the Dutch law reflects how this tendency can metastasize into shielding citizens from unhealthy choices or influences.
It appears that Dutch painters such as Pieter Aertsen (with his work A Meat Stall with the Holy Family Giving Alms, above) were promoting harmful imagery in their work. As for Rembrandt’s “Slaughtered Ox,” the Dutch master is now little more than a climate change denier.
Starting on May 1, the ban on such images became part of Amsterdam’s push to achieve carbon neutrality by 2050. While purportedly neutral on carbon, it is manifestly negative on free speech.
As with other anti-free speech measures in Europe, this push again came from the left. The GreenLeft Party’s Anneke Veenhoff explained “I mean, if you want to be leading in climate policies and you rent out your walls to exactly the opposite, then what are you doing?”
The answer is engaging in free speech.
This is, of course, commercial speech, which is often subject to a lower level of protection. However, this shows the danger of using the differential standard to target products or industries viewed as unhealthy or ill-advised for consumers.
In Amsterdam, the ban will cover industries such as airlines, including KLM Royal Dutch Airlines, one of the largest employers and revenue generators in the country.
Notably, activists compare this to cigarette advertising bans, confirming the very slippery slope danger that those companies raised when they were targeted.
Hannah Prins, a paralegal at Advocates for the Future, is quoted as saying, “I don’t think it’s normal to see murdered animals on billboards. So I think it’s very good that that’s going to change.”
Other Dutch cities are now following suit, including Haarlem, Utrecht, and Nijmegen.
Of course, prostitutes still advertise live in Amsterdam and marijuana is a major industry for tourists.
If you want drugs, there are ample choices.
However, if you want a steak, you will have to rely on word-of-mouth directions.
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No Kings? In Europe, Monarchs Are Far More Popular Than Politicians
In Europe, monarchs are far more popular than the politicians who govern.
As Visual Capitalist details below, using data from Morning Consult, visualized by The European Correspondent, monarchs hold an approval advantage of nearly 30 points over national leaders. The gap appears in every country analyzed.
The pattern reveals a clear divide: leaders making policy decisions often face public backlash, while ceremonial figures largely avoid it.
Approval Ratings for Elected and Unelected LeadersBelow, we break down approval ratings across eight European countries.
From the UK to Luxembourg, monarchs outperform politicians across the board. Spain stands out with the largest gap, while even the narrowest differences still favor royalty.
Why Do Monarchs Poll Better?One key explanation lies in the fundamentally different roles these figures play. Monarchs are typically nonpartisan, symbolic heads of state, largely removed from day-to-day political decision-making. This helps them avoid the scrutiny and backlash that elected leaders inevitably face.
By contrast, national leaders are directly responsible for policy decisions on issues like inflation, immigration, and public services. These decisions often divide public opinion, dragging down approval ratings.
Spain and the Netherlands: The Biggest GapsSpain has the widest popularity divide, with King Felipe VI outpacing Prime Minister Pedro Sánchez by nearly 40 points. This reflects broader dissatisfaction with political leadership, alongside relatively stable support for the monarchy.
The Netherlands also shows a notable gap, with King Willem-Alexander maintaining a significant lead despite historically low approval ratings for the monarchy itself. This highlights how unpopular political leadership can become by comparison.
Even Lower-Rated Monarchs Still LeadEven in countries where monarchs have more modest approval ratings, such as the UK, their standing still surpasses that of elected leaders. This underscores a broader trend: monarchy as an institution retains a degree of public goodwill that politicians struggle to match.
As this data shows, in modern Europe, it’s often the figureheads, not the decision-makers, who win the popularity contest.
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UK Faces Summer Flight Disruptions As Jet Fuel Risks Mount
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Ministers are expected to warn Britons that flight cancellations could disrupt summer holiday plans.
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Allianz Trade research says the UK is especially exposed to jet fuel shortages because of import dependence.
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Airlines are weighing cancellations, surcharges, and ticket price adjustments as fuel supply risks rise.
Ministers are set to warn the British public that flight cancellations will hit summer holiday plans as new research suggested that the UK is more exposed to jet fuel shortages than other European countries.
Heidi Alexander, the transport secretary, is set to tell Brits that there could be flight cancellations this year as she will talk up staycations, according to The Times.
Her warnings will follow a prompt by Sir Keir Starmer that people would have to consider changing “where they go on holiday”.
Trade experts have warned that the supply of kerosene was set to be hit by disruptions across the Strait of Hormuz.
Michael O’Leary, the boss of Ryanair, Europe’s biggest airline, said rivals were “desperately” searching for flights to cancel.
Some airlines have reportedly said that the UK could escape some of the worst effects of jet fuel shortages due to obtaining supplies from other countries.
UK is ‘particularly vulnerable’ to jet fuel shortagesBut research by Allianz Trade found the UK had Europe’s “most structurally exposed markets to jet-fuel shortages”.
It said its heavy reliance on imports, albeit from countries outside of the Middle East, would leave the UK “particularly vulnerable” to supply shocks.
“The UK, Germany, France, and Italy show the largest shortfalls, underscoring their reliance on external supply to meet aviation demand,” trade experts said.
“European aviation activity is indirectly exposed not only to global oil price dynamics but also to geopolitical and logistical risks along key supply routes, reinforcing the region’s dependence on external refining hubs for a fuel that is essential to long-haul connectivity.”
The worst effects of flight disruption could come in late June and July, near the peak of summer travel.
Ministers may be looking to discourage Britons from taking long-haul flights in contingency plans being drawn up, according to reports.
Lufthansa Group has announced it will cancel 20,000 flights over the next six months, while Virgin Atlantic added a fuel surcharge and British Airways has warned of “pricing adjustments” to tickets.
Airlines UK, the trade body, said: “UK airlines continue to operate normally and are not experiencing issues with jet fuel supply.”
Tyler Durden Wed, 05/06/2026 - 03:30