Jacob Smith

7 May 2026

Oil markets briefly stabilized after Donald Trump paused the short-li… – Jacob Smith

Oil markets briefly stabilized after Donald Trump paused the short-lived “Project Freedom” mission in the Strait of Hormuz and claimed progress toward a possible “Complete and Final Agreement” with Iran. Optimism over a diplomatic breakthrough initially boosted investor confidence, but uncertainty soon returned after mixed signals from Washington. Iran later confirmed it was reviewing a new US proposal amid reports of ongoing Gulf negotiations. #DonaldTrump #Iran #OilMarket #StraitOfHormuz