"Project Freedom", which began on Monday, will be halted because progress has been made toward a deal with Iran, the US president says.

The intelligence analysis also allegedly concluded Tehran still retains major missile capabilities despite Trump's claims otherwise.

What could the United States' blockade in the Strait of Hormuz look like and what impact might it have? Here's what to know.

President Donald Trump said his representatives are having “positive discussions” with Iran as the two countries trade peace proposals. Meanwhile, the average cost of gas in the US rose to $4.45 a gallon.

By Parisa Hafezi and Jacob Bogage DUBAI/DORAL, Florida, May 3 (Reuters) - President Donald Trump said on Sunday the U.S. would start an effort on Monday morning to free ships stranded in the Strait of Hormuz as a "humanitarian gesture" to aid neutral countries in the U.

The Strait of Hormuz has been a flashpoint since the US-Iran war started more than two months ago after the US struck several key Iranian sites and Iran retaliated

As President Trump again voiced optimism that Iran will "make a deal" to end the war, Tehran declared itself the regulator of Strait of Hormuz shipping.

Iran has offered to end its chokehold on the Strait of Hormuz in exchange for the U.S. lifting its blockade on the country and an end to the war.

Iran-US war latest: Tehran vows ‘no place for retreat’ over Strait of Hormuz despite Vance claiming progress - Iran plans to double its income through the vital shipping route as global oil and gas su