Washington/ Tehran, May 5 -- The ceasefire reached between Iran and the US is now fraying at the seams over the Strait of Hormuz, one of the most consequential shipping lanes, after President Donald Trump rejected the latest proposal from Tehran shared via Pakistan and launched "Project Freedom" to help vessels transit the vital waterway.
Tensions have further escalated after Iran carried out a drone strike on the Fujairah Petroleum Industries Zone in the United Arab Emirates, which left three Indian nationals injured. The UAE has condemned the attack as a dangerous escalation, effectively ending the relative calm that had held since the ceasefire between Washington and Tehran.
Oil prices are surging, while tens of thousands of sailors re...