Overview
- Project Freedom, launched Monday to guide ships through the Strait of Hormuz, was paused Tuesday at Pakistan’s request, with the U.S. port blockade still in force and more than 1,550 ships stuck.
- Multiple outlets report negotiators are close to a one-page memorandum that would declare an end to hostilities and open a 30‑day window for detailed talks.
- The reported framework centers on a freeze of Iran’s uranium enrichment, partial U.S. sanctions relief, release of frozen Iranian funds, and steps to reopen commercial shipping.
- Iran says it is reviewing the U.S. proposal through Pakistani channels as Foreign Minister Abbas Araghchi met China’s Wang Yi in Beijing to seek leverage and counsel.
- President Trump warned that if Iran rejects the proposal “the bombing starts,” even as U.S. officials say the offensive phase has ended and markets react to deal hopes with a sharp drop in oil prices.