The United States announced a humanitarian operation to assist ships stranded in the Strait of Hormuz. The operation involves over 100 aircraft and 15,000 personnel, according to White House officials.
President Trump said the move aims to "free ships trapped by the Iran conflict" and will begin on Monday. Oil prices remain above 00 per barrel despite the announcement, reflecting continued market concerns about Middle East tensions.
The Strait of Hormuz is a critical shipping route for about 20% of the world's oil supply. Its partial closure due to the U.S.-Iran conflict has disrupted global energy markets for weeks.
Shipping companies have reported at least 18 commercial vessels unable to transit the strait. The U.S. Navy will provide escorts for neutral-flagged ships seeking to leave the area.