President Trump said the U.S. Navy will start guiding ships from foreign countries through the Strait of Hormuz from Monday and warned that if Iran tries to disrupt the process, the American military will use force.
Why it matters: This move that Trump called "Project Freedom" is the most significant step by his administration to try and reopen the key strait since Iran shut it down early in the war.
President Trump told reporters on Saturday that he could order renewed military action against Iran if it "misbehaves."
Why it matters: While the U.S. and Iran are still exchanging drafts of a framework agreement to end the war, Trump is also seriously considering ordering new military action against Iran to try and break the current stalemate.
The United Arab Emirates is leaving OPEC. Saudi Arabia is ending its splashiest foreign sports venture. The two U.S. allies are in the midst of a messy divorce, even as both face fire from Iran.
Why it matters: One year after President Trump's grand tour of the Gulf, the region's vision of a geopolitically stable post-oil future — powered by tourism, AI and American capital — has taken a major blow.
