Pete Hegseth says Project Freedom in Hormuz is a defensive, temporary mission, while an "ironclad" U.S. blockade on Iran remains in effect and Washington expects broader international support.
Pete Hegseth said Project Freedom in Hormuz is a defensive and temporary U.S. operation. He also said the United States is maintaining an "ironclad" blockade on Iran and is working to stabilize the situation, while expecting other countries to increase their involvement. The Strait of Hormuz is a critical global energy shipping route, so any military or blockade-related development there can carry wider implications for oil flows, regional security, and risk sentiment across financial markets, including crypto markets.