Chokepoint Data · the Strait of Hormuz crisis

Trump announces Operation Project Freedom to reopen Hormuz transit

2026-05-03 · military · major

Trump announced on Truth Social on the evening of Sunday May 3 (US time) that a US-led operation would begin Monday morning to move commercial ships through the Strait of Hormuz, backed by guided-missile destroyers, over 100 aircraft and roughly 15,000 personnel. Announcement broke outside US market hours on a Sunday evening.

Brent next close -3.2% · +7 days -12.5% · transits 4.1 → 1.3 per day · reaction near an ordinary day (85.3th percentile)

Attribution caveat: 1 other major event(s) sit inside this one's ±7-day window (2026-05-05 Trump pauses Project Freedom, citing 'great progress' toward Iran deal), so the reaction is not cleanly separable.

Sources

GlobalSecurity.org · The National · Wikipedia (Operation Project Freedom)

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Computed, not asserted — every number here is derived from public data: official EIA Brent closes via FRED, IMF PortWatch transit counts, Polymarket and Kalshi odds, and source-linked curated events. Method and caveats · Atom feed · llms.txt

https://chokepointdata.com/event/2026-05-03-trump-announces-operation-project-freedom-to-reopen-hormuz-t/