Chokepoint Data · the Strait of Hormuz crisis

Trump pauses Project Freedom, citing 'great progress' toward Iran deal

2026-05-05 · diplomatic · major

One day after the operation began, Trump announced on Tuesday May 5 that Project Freedom would be paused for a short period to see whether a 'Complete and Final Agreement' with Iran could be finalized, saying the decision was made partly at the request of Pakistan and other countries; the blockade of Iranian ports remained in place.

Brent next close -3.2% · +7 days -5.8% · transits 5.0 → 1.7 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 (2026-05-03 Trump announces Operation Project Freedom to reopen Hormuz transit), so the reaction is not cleanly separable.

Sources

Al Jazeera · CNBC

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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/2026-05-05-trump-pauses-project-freedom-citing-great-progress-toward-ir/