US officials say Gulf states were surprised by announcement of Project Freedom, which triggered fears of renewed fighting; report: Iran expected to respond to US proposal on Thursday The post Trump reportedly paused Hormuz operation after Saudi Arabia denied use of its airspace appeared first on The Times of Israel.

US-Iran war news LIVE: A proposed agreement is a one-page, 14-point memorandum aimed at ending the Iran war and starting formal talks.

A French aircraft carrier is heading south of the Suez Canal and into the Red Sea in preparation for a possible defensive mission aimed at restoring safe navigation through the Strait of Hormuz, the strategically critical waterway that has been effectively blocked amid the US-Israel war on Iran.

US crude oil prices fell further after President Donald Trump signalled a possible deal to end the Iran war. Brent dropped more than 6% to about $103 a barrel, while US crude slid nearly 7% to around $95,

The Trump administration’s approach to the Iran war over the past 24 hours has pinballed from declarations that a tenuous ceasefire was holding and military operations were over to new threats of bombing the Islamic Republic.

Saudi Arabia, a key Gulf ally, suspended the U.S. military’s ability to use its bases and airspace to carry out the operation, sources say.

A dramatic new report by NBC News citing US officials revealed that Saudi Arabia refused to allow American warplanes to use its airspace or launch operations under 'Project Freedom' from Prince Sultan Air Base against Iran.

Donald Trump claimed during an Oval Office meet and greet on Wednesday that paying $200 for a barrel of oil was "worth it" as the U.S. continues to blockade the Strait of Hormuz

The world is desperate for a solution to break up the oil tanker traffic jam in the Strait of Hormuz. The Trump administration is trying to do that: It announced it had successfully guided two US vessels out of the strait Monday.