HEGSETH: CEASEFIRE WITH IRAN IS NOT OVER

(NEW) UAE: AIR DEFENSE SYSTEMS ARE CURRENTLY RESPONDING TO A MISSILE THREAT

- INFINITYHEDGE

HAPAG-LLOYD: TRANSITS THROUGH THE STRAIT OF HORMUZ ARE FOR THE MOMENT NOT POSSIBLE FOR OUR SHIPS

The U.S. operation Project Freedom did not meaningfully increase the flow of oil or cargo through the strait in its first 24 hours. CENTCOM reported two U.S.-flagged ships had traveled through on Monday, and none on Tuesday.

Hegseth claimed "hundreds more... are lining up." At the moment, though, it seems most shipping companies do not trust the administration's assurances that a lane is now open: Axios

Insurance broker says it’s too early to know how US military effort will affect shipping through the strait: AP

Iran FM Spox: X has now removed the blue check from Iran's MFA Spokesperson’s account—after stripping the Ministry and Minister's verified badges—despite our full Premium+ payments.
This arbitrary de-verification fits X’s pattern of selective censorship and American digital piracy, aimed at suppressing the truth about the U.S.’ illegal war against Iran

TRUMP: NOT ONE SHIP HAS PASSED THROUGH HORMUZ BLOCKADE

TRUMP: IRAN RESPECTS US, THEY DIDN'T USED TO

TRUMP ON HORMUZ: LOOKS LIKE THE LONG ISLAND EXPRESSWAY FOR SHIPS

TRUMP SAYS HE DOESN’T LIKE IRAN THAT WILL SPEAK TO HIM “WITH SUCH RESPECT” IN PRIVATE AND THEN PUBLICLY DENY TALKS. “THEY PLAY GAMES"

TRUMP: I HOPE IRAN'S ECONOMY FAILS BECAUSE I WANT TO WIN

TRUMP: INCREASE IN FUEL PRICES IS SMALL PRICE TO PAY

2012 TRUMP: WHY ISN'T OBAMA PROTECTING US FROM RIDICULOUS GAS PRICES

Iran dropped additional mines in the strategic waterway on April 23, according to a chart shown by Joint Chiefs Chair Gen. Dan Caine during a Tuesday briefing: WSJ

(- So this means iran also attacked U.S. warships? (If we go with the chart)

Two Israeli officials told Jerusalem Post they assess that the Iranian strikes toward the UAE were “warning shots,” intended to demonstrate capabilities to the US.

They estimate that, for now, Iran will not escalate and will continue to act within the “rules of the game".

IRAN'S JOINT MILITARY COMMAND SAYS IT HAS NOT CARRIED OUT ANY ATTACK AGAINST THE UAE IN RECENT DAYS

OPERATION EPIC FURY 'IS OVER,' NOW 'PROJECT FREEDOM': RUBIO

UKMTO: THERE IS A VERIFIED SOURCE REPORTING THAT A CARGO VESSEL HAS BEEN STRUCK BY AN UNKNOWN PROJECTILE IN SOH

(something from non-expert admin here:

In theory, if the adminstration officially declares that Operation Epic Fury over, and then initiates a different new operation ('Project Freedom') in Hormuz, it would trigger a new (should?) 60-day clock if attacks in response though it's a defensive operation for now)

Israeli Media also reporting like this "Trump informed Congress about the end of the operation, thereby preventing a vote on continuing the fighting beyond 60 days within the operation) but idk

Trump: 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.

(translation: Project Freedom failed and we obv cannot escort ships so back to war of attrition)

and NACHO

Some of the reasons why operation failed:

Reason1: 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 (one of many attacks happened in the last 48hrs)

Reason2: most shipping companies do not trust the administration's assurances that a lane is now open https://t.me/MonitoringSituation/4850

Reason3: IRGC launched missiles at U.S. Warships https://t.me/MonitoringSituation/4861

Global oil stocks are now approaching their lowest level in eight years, according to Goldman Sachs. The bank added that there is only 45 days’ supply of refined products, such as gasoline, diesel and jet fuel left worldwide, noting particularly large declines across Asia and Africa.

In total, the oil market has lost 1bn barrels of crude due to the Iran war so far and while demand is falling fast, it is being “outstripped by the loss of supply”....

In northern Europe, stocks of jet fuel fell to a six-year low in April, according to pricing agency Argus, while in the US stocks of gasoline are on course to hit their lowest-ever level in summer, during the key driving season.

according to Morgan Stanley. The bank estimates that one in every 11 barrels of oil is used by American motorists and forecasts that US inventories could fall below 200mn barrels by the end of August, the equivalent of roughly one week of demand: FT