The Japan Times - US pauses guiding ships through Hormuz, cites Iran deal hopes

EUR -
AED 4.292294
AFN 76.558763
ALL 92.543258
AMD 425.668988
ANG 2.091835
AOA 1071.757796
ARS 1752.039854
AUD 1.631897
AWG 2.105238
AZN 1.99154
BAM 1.955658
BBD 2.356728
BDT 142.989582
BGN 1.982653
BHD 0.441168
BIF 3482.2463
BMD 1.168765
BND 1.484792
BOB 13.515015
BRL 6.006872
BSD 1.170115
BTN 111.979842
BWP 15.678858
BYN 3.500445
BYR 22907.791044
BZD 2.353329
CAD 1.609682
CDF 2658.940455
CHF 0.936657
CLF 0.027171
CLP 1080.391288
CNY 7.855561
CNH 7.85545
COP 3594.438126
CRC 532.461207
CUC 1.168765
CUP 30.972269
CVE 110.256967
CZK 24.133363
DJF 208.364819
DKK 7.481311
DOP 68.555005
DZD 155.237732
EGP 59.448669
ERN 17.531473
ETB 189.240713
FJD 2.56147
FKP 0.856759
GBP 0.856803
GEL 3.044679
GGP 0.856759
GHS 13.017052
GIP 0.856759
GMD 85.908717
GNF 10281.250955
GTQ 8.929349
GYD 244.802165
HKD 9.164695
HNL 31.378714
HRK 7.541577
HTG 153.078847
HUF 362.895688
IDR 20628.465835
ILS 3.491339
IMP 0.856759
INR 111.851385
IQD 1532.888321
IRR 1606584.162089
ISK 141.713189
JEP 0.856759
JMD 185.70647
JOD 0.828701
JPY 185.804438
KES 151.52896
KGS 102.208935
KHR 4723.655856
KMF 493.219176
KPW 1051.888708
KRW 1619.90849
KWD 0.360483
KYD 0.975129
KZT 538.730751
LAK 26357.079745
LBP 104787.965631
LKR 385.201936
LRD 212.374527
LSL 18.763233
LTL 3.451059
LVL 0.706975
LYD 7.436458
MAD 10.807113
MDL 20.143532
MGA 5003.635458
MKD 61.520518
MMK 2453.714692
MNT 4204.885702
MOP 9.449012
MRU 46.626603
MUR 54.468814
MVR 18.057859
MWK 2028.95218
MXN 19.772467
MYR 4.720061
MZN 74.661139
NAD 18.763233
NGN 1572.577458
NIO 43.056863
NOK 10.874159
NPR 179.167947
NZD 1.954457
OMR 0.449257
PAB 1.170115
PEN 3.922914
PGK 5.185622
PHP 72.071929
PKR 324.677545
PLN 4.31584
PYG 7048.48648
QAR 4.25369
RON 5.257981
RSD 117.35145
RUB 96.63036
RWF 1724.174385
SAR 4.396224
SBD 9.387821
SCR 16.05273
SDG 703.016353
SEK 11.059442
SGD 1.483752
SHP 0.865898
SLE 28.755901
SLL 24508.413601
SOS 668.751278
SRD 44.144681
STD 24191.072651
STN 24.498215
SVC 10.238254
SYP 15196.280459
SZL 18.750634
THB 38.621879
TJS 10.794314
TMT 4.090677
TND 3.403252
TOP 2.814105
TRY 56.15039
TTD 7.936422
TWD 37.219361
TZS 3100.974077
UAH 52.285191
UGX 4352.682884
USD 1.168765
UYU 47.066571
UZS 13871.989351
VES 910.447072
VND 30533.981685
VUV 138.518447
WST 3.174336
XAF 655.909213
XAG 0.01694
XAU 0.000254
XCD 3.158646
XCG 2.108846
XDR 0.826377
XOF 655.909213
XPF 119.331742
YER 277.08497
ZAR 18.722468
ZMK 10520.29035
ZMW 22.203382
ZWL 376.341805
  • CMSC

    -0.1780

    21.102

    -0.84%

  • BCC

    0.7000

    82.47

    +0.85%

  • RBGPF

    0.0000

    68.56

    0%

  • BCE

    -0.0700

    23.71

    -0.3%

  • RIO

    3.1300

    105.3

    +2.97%

  • RELX

    0.5300

    35.91

    +1.48%

  • CMSD

    -0.1400

    20.98

    -0.67%

  • RYCEF

    -0.2500

    20.25

    -1.23%

  • NGG

    -0.8600

    79.76

    -1.08%

  • GSK

    0.4500

    52.41

    +0.86%

  • BTI

    -0.4900

    56.21

    -0.87%

  • VOD

    -0.0500

    15.96

    -0.31%

  • JRI

    -0.0300

    12.38

    -0.24%

  • AZN

    1.4900

    165.98

    +0.9%

  • BP

    -0.3800

    44.76

    -0.85%

US pauses guiding ships through Hormuz, cites Iran deal hopes
US pauses guiding ships through Hormuz, cites Iran deal hopes / Photo: - - US NAVY/AFP

US pauses guiding ships through Hormuz, cites Iran deal hopes

President Donald Trump said he was pausing the US military operation to guide stranded commercial ships through the Strait of Hormuz shortly after it began, citing a chance to seal a deal that would end two months of war with Iran.

Text size:

The US leader said Washington's blockade of Iranian ports would remain in place as Tehran kept up its own closure of the vital trade route in response to the US-Israeli war on the country, which has rocked markets and spiked fuel prices.

Trump wrote on social media that the decision to halt his so-called "Project Freedom" a day after it began came after requests from "mediator Pakistan and other countries", saying "Great Progress has been made toward a Complete and Final Agreement" with Tehran.

"We have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom... will be paused for a short period of time to see whether or not the Agreement can be finalized and signed," Trump wrote late Tuesday.

The decision means more than 22,000 seafarers and 1,500 commercial ships are still waiting to transit the strait, according to US officials.

Pakistan Prime Minister Shehbaz Sharif -- a key mediator in the Middle East war -- wrote on X that he was "hopeful" the current momentum would bring help bring an end to the conflict with a "lasting agreement."

Trump made the abrupt U-turn as Iranian Foreign Minister Abbas Araghchi met Chinese counterpart Wang Yi in Beijing for talks on Wednesday, his first trip to Tehran's close ally since the beginning of the war.

According to Iranian state TV, Araghchi told Wang that Tehran would "only accept a fair and comprehensive agreement."

After the talks, Wang called for an end to hostilities and for both countries to reopen the Strait of Hormuz "as soon as possible," his ministry said.

Before the visit, US Secretary of State Marco Rubio, a vocal China critic, called on Beijing to put pressure on Araghchi to end the blockade of the crucial waterway.

"I hope the Chinese tell him (Araghchi) what he needs to be told, and that is that what you were doing in the straits is causing you to be globally isolated," Rubio said.

- Oil tumbles -

Trump's tone came hours after Rubio said the US had completed its offensive operations against Iran.

Investors welcomed the decision to pause the ship-guiding plan, with Brent oil price tumbling more than five percent and West Texas Intermediate back below $100 a barrel.

Araghchi was visiting China days before Trump is also scheduled to visit on May 14 and 15 to meet President Xi Jinping -- a trip he had delayed due to the war.

The Iranian minister later held a phone call about the war with Saudi Arabia's foreign minister, Iranian media said, as back-channel diplomacy to find a solution continues.

But progress in talks has largely stalled since a first round of negotiations in Pakistan last month ended without a deal as Tehran maintains its grip on the Hormuz strait, giving it key leverage.

Despite Rubio's announcement of the end to "Operation Epic Fury", the standoff in the vital waterway has led to claims of attacks by both sides.

Iran fired missiles and drones at US forces on Monday, while Washington said it struck six Iranian boats it accused of threatening commercial shipping.

The United Arab Emirates said it had engaged a barrage of missiles and drones from Iran for the second consecutive day on Tuesday -- an accusation denied by Tehran.

It was the sharpest escalation since a truce took effect on April 8.

A container ship owned by French shipping company CMA CGM was also the "target of an attack" in the Strait of Hormuz on Tuesday, the major shipping firm said.

- 'High alert' -

Pentagon chief Pete Hegseth said Washington was "not looking for a fight" over the waterway and downplayed the latest Iranian attacks while warning that any more would be met with a "devastating response".

Washington and Gulf have meanwhile drafted a UN Security Council resolution demanding Tehran halt attacks, disclose the location of mines and end efforts to charge tolls, Rubio said.

The proposed measure would also require Iran to support a humanitarian corridor, with a vote expected in the coming days.

Despite that resolution, Iran's powerful chief negotiator said on Tuesday that Tehran "had not even started yet" in the Hormuz strait.

On another front, Israel's military on Wednesday issued a new evacuation warning for a dozen villages in southern Lebanon.

Israeli bombardment later hit at least two villages including one near a 12-century Crusader-era castle, according to AFP images.

Israel and Iran-backed Hezbollah have kept up their attacks despite a ceasefire in Lebanon.

On Iran, Israel's new air force chief said Tuesday the country was prepared to deploy its entire fleet of fighter jets against Iran if necessary.

Israel's military chief of staff Eyal Zamir also said the country remained "on high alert across all fronts".

burs-jfx/ser

Y.Mori--JT