US President Donald Trump said his administration could revive Project Freedom, a maritime security effort for the Strait of Hormuz, and potentially broaden it into “Project Freedom plus” if an Iran deal is not reached. The shift follows a temporary pause requested by Pakistan and others, who pointed to military gains and movement toward an agreement.
The US dollar eased against major currencies on Wednesday as hopes grew that the US is close to an agreement with Iran. The Japanese yen also drifted lower, while US oil futures fell in line with the shifting outlook. Investors are now focused on upcoming US non farm payrolls data, which is expected to shape expectations for the Federal Reserve’s next interest rate move.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
