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The U.S. would attempt to “free” stranded ships affected by the Strait of Hormuz closure since the start of the Iran war, U.S. President Trump said in his Truth Social post Sunday.
Dubbed “Project Freedom,” the effort is set to begin on Monday, Middle East time and will focus mainly on getting civilian ships flagged in countries not affiliated with the conflict out of the contested waterway so they can “freely and ably get on with their business.”
“U.S. military support to Project Freedom will include guided-missile destroyers, over 100 land and sea-based aircraft, multi-domain unmanned platforms, and 15,000 service members,” the U.S. Central Command said shortly after Trump’s announcement.
The Kospi index rose 3.89%, while Hong Kong’s Hang Seng index gained 1.8%. Australia’s S&P/ASX 200 fell 0.28%.
Markets in Japan and China are closed for a public holiday.
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