President Trump said Tuesday he's suspending the new U.S. military operation in the Strait of Hormuz due to progress in the negotiations with Iran on an agreement to end the war.
Why it matters: The operation to "guide" ships through the Strait of Hormuz, which was launched Monday, led to an exchange of fire between the U.S. and Iran and to Iranian missile attacks on the United Arab Emirates for the first time since the ceasefire was announced a month ago.
