UAE'S FUJAIRAH: IRAN DRONE ATTACK CAUSES FIRE AT OIL INDUSTRIAL ZONE

FED'S WILLIAMS: THE US WILL BE LESS AFFECTED RELATIVE TO OTHER NATIONS FROM ENERGY SHOCK

A new US plan to guide vessels through the Strait of Hormuz has left shipping executives uncertain, with traffic still near a standstill amid ongoing attacks. President Donald Trump said the initiative, dubbed Project Freedom, would help ships exit safely but provided no details. A US notice cited an “enhanced security area” and advised transits via Omani waters, without further explanation. An Iranian lawmaker said US involvement would violate the current ceasefire.