DUBAI, United Arab Emirates (AP) \u2014 U.S. President Donald Trump announced a project that will start on Monday to help stranded ships leave the Strait of Hormuz, which Iran has effectively closed, but offered few details.
\nIn a social media post on Sunday, Trump said \u201cneutral and innocent\u201d countries have been affected by the Iran war, and \u201cwe have told these Countries that we will guide their Ships safely out of these restricted Waterways, so that they can freely and ably get on with their business.\u201d
\n\u201cProject Freedom\u201d would begin on Monday morning in the Middle East, Trump said and added that his representatives are having discussions with Iran that could lead to something \u201cvery positive for all.\u201d
\nIran\u2019s grip on the strait, imposed after the United States and Israel launched the war on Feb. 28, has shaken global markets.
\nTrump spoke hours after Iran said it was reviewing the U.S. response to its latest proposal to end the war and but made clear these are not nuclear negotiations.
\nA cargo ship near the Strait of Hormuz said it was attacked by multiple small craft, the British military\u2019s United Kingdom Maritime Trade Operations center reported earlier Sunday. It was the latest in at least two dozen attacks in and around the strait since the Iran war began.
\nAll crew on the unidentified northbound cargo ship were safe after the attack off Sirik, Iran, east of the strait, the British monitor said. Iranian officials have asserted that they control the strait and that ships not affiliated with the United States or Israel can pass if they pay a toll, challenging the freedom of navigation guaranteed by international law.
\nIran denied an attack, the semiofficial Iranian outlets Fars and Tabnak reported, and said a passing ship had been stopped for a documents check as part of monitoring.
\nThe monitor said it was the first reported attack in the area since April 22. Tehran has effectively closed the strait by attacking and threatening ships, and the threat level in the area remains critical.
\nIranian patrol boats, some powered only by twin outboard motors, are small, nimble and hard to detect. Trump last month ordered the U.S. military to \u201cshoot and kill\u201d small Iranian boats that deploy mines in the strait.
\nThe fragile three-week ceasefire appears to be holding, though Trump on Saturday told journalists that further strikes remained a possibility.
\nTehran is reviewing the U.S. response to its latest proposal, Iran\u2019s judiciary Mizan news agency cited Foreign Ministry spokesman Esmail Baghaei as saying.
\nBut \u201cat this stage, we have no nuclear negotiations,\u201d Baghaei said. Iran\u2019s nuclear program and enriched uranium have long been the central issue in tensions with the U.S., but Tehran would rather address it later.
\nIran\u2019s proposal wants other issues resolved within 30 days and aims to end the war rather than extend the ceasefire, according to Iran\u2019s state-linked media.
\nTrump on Saturday said he was reviewing the proposal but expressed doubt it would lead to a deal, adding on social media that \u201cthey have not yet paid a big enough price for what they have done\u201d in the nearly 50 years since the Islamic Revolution there.
\nIran\u2019s 14-point proposal calls for the U.S. lifting sanctions on Iran, ending the U.S. naval blockade of Iranian ports, withdrawing forces from the region and ceasing all hostilities, including Israel\u2019s operations in Lebanon, according to the semiofficial Nour News and Tasnim agencies, which have close ties to Iran\u2019s security organizations.
\nIran sent its proposal via Pakistan, which hosted face-to-face talks last month between Iran and the United States.
\nPakistan\u2019s prime minister, foreign minister and army chief continue to encourage the U.S. and Iran to speak directly, according to two officials in Pakistan who spoke on condition of anonymity because they were not authorized to speak to the media.
\nAlso on Sunday, Iranian Foreign Minister Abbas Araghchi spoke with his counterpart in Oman, which oversaw previous rounds of talks before the war, and in Brazil and Spain.
\nTrump has offered a plan to reopen the Strait of Hormuz at the mouth of the Persian Gulf, where about a fifth of the world\u2019s trade in oil and natural gas typically passes, along with fertilizer badly needed by farmers around the world.
\nThe British military monitor on Sunday said it had received reports that ships near Ras al-Khaimah, the northernmost emirate in the United Arab Emirates and close to the strait, have received radio warnings to move from anchorages. It was not clear who sent the VHF messages.
\nTehran \u201cwill not back down from our position on the Strait of Hormuz, and it will not return to its prewar conditions,\u201d Iran\u2019s deputy parliament speaker, Ali Nikzad, said Sunday while visiting port facilities on strategic Larak Island.
\nThe U.S. has warned shipping companies they could face sanctions for paying Iran in any form, including digital assets, to transit the strait safely.
\nMeanwhile, the U.S. naval blockade since April 13 is depriving Tehran of oil revenue it needs to shore up its ailing economy. The U.S. Central Command on Sunday said 49 commercial ships have been told to turn back.
\n\u201cWe think that they\u2019ve gotten less than $1.3 million in tolls, which is a pittance on their previous daily oil revenues,\u201d U.S. Treasury Secretary Scott Bessent told Fox News on Sunday. He said Iran\u2019s oil storage is rapidly filling up and \u201cthey\u2019re going to have to start shutting in wells, which we think could be in the next week.\u201d
\nOn Sunday, the second day of Iran\u2019s working week, the rial weakened further against the U.S. dollar. In Tehran\u2019s Ferdowsi Street, the capital\u2019s main currency exchange hub, the dollar was trading at 1,840,000 rials.
\nAnalysts say there is a strong possibility the currency will slip further.
\nThe rial was trading at 1.3 million to the dollar in December, a record low at the time, and triggered widespread protests over the worsening economy. Markets in Tehran remain unstable, with prices of some goods rising daily.
\nAccording to reports in Iranian media, several factories have not renewed contracts for workers after the Iranian new year in March, and significant numbers have lost their jobs.
\nYousef Pezeshkian, the son and adviser of President Masoud Pezeshkian, wrote on Telegram that both the United States and Iran see themselves as the winner of the war and are unwilling to back down.
\n#StraitOfHormuz #ProjectFreedom #Trump #IranWar #MiddleEast #GlobalShipping #USIranTensions #OilTrade #NavalBlockade #EconomicSanctions<\/p>\n","protected":false},"excerpt":{"rendered":"
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