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Globe/AP say Chevron sees U.S. guiding ships in Hormuz

2026-05-04 06:17 ET - In the News

See In the News (C-CHEV) Chevron CDR (CAD Hedged)

The Globe and Mail reports in its Monday, May 4, edition that the United States will launch an effort on Monday to "guide" stranded ships from the Iran-gripped Strait of Hormuz, President Donald Trump said, giving few details about what could be a sweeping effort to help hundreds of vessels and some 20,000 seafarers. An Associated Press dispatch to The Globe reports that Mr. Trump said in a social media post on Sunday that "neutral and innocent" countries have been affected by the Iran war, and "we have told these Countries that we will guide their Ships safely out of these restricted Waterways, so that they can freely and ably get on with their business." "Project Freedom" would begin on Monday morning in the Middle East, Mr. Trump said, adding that his representatives are having discussions with Iran that could lead to something "very positive for all." U.S. Central Command said the initiative would involve guided-missile destroyers, more than 100 aircraft and 15,000 service members. The Pentagon did not immediately answer questions about how they would be deployed. Iran's effective closure of the strait has shaken global markets. Ships and seafarers have been stuck in the Persian Gulf since the war began.

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