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HomeDaily NewsMonday, May 4, 2026Trump Launches Project Freedom to Guide Ships Through Strait of Hormuz - May 2026
Business & Economy3 stories from 1 sources

Trump Launches Project Freedom to Guide Ships Through Strait of Hormuz - May 2026

United States President Donald Trump announced Project Freedom, a mission to free merchant ships stranded by Iran's closure of the Strait of Hormuz. The operation is set to begin on Monday. The number of jobseekers in Israel dramatically increased by over 2.5 times, reaching approximately 396,000 by the end of March, shortly after the conflict with Iran erupted. Health Cabinet Secretary Aden Duale threw his support behind plans to reopen the Kenya-Somalia border, citing potential economic benefits and improved trade relations.

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Monday 10:25 AMCapital Business

Trump says US to ‘guide’ stranded ships through Strait of Hormuz

Trump says US to ‘guide’ stranded ships through Strait of Hormuz

The United States President Donald Trump has announced 'Project Freedom,' a mission to free merchant ships stranded by Iran's closure of the Strait of Hormuz. The operation is set to begin on Monday.

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Key Highlights

The United States President Donald Trump has announced 'Project Freedom,' a mission to free merchant ships stranded by Iran's closure of the Strait of Hormuz. The operation is set to begin on Monday.

  • An estimated 2,000 ships have been trapped, affecting global fuel prices.
  • Approximately 15,000 US service personnel, guided-missile destroyers, and over 100 aircraft will be involved.
  • Iran has warned that any US interference would be seen as a violation of a temporary ceasefire.
Monday 8:10 AMCapital BusinessFirst

Jobseekers in Israel surge over 2.5 times amid Iran conflict: report

Jobseekers in Israel surge over 2.5 times amid Iran conflict: report

The number of jobseekers in Israel dramatically increased by over 2.5 times, reaching approximately 396,000 by the end of March, shortly after the conflict with Iran erupted.

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Key Highlights

The number of jobseekers in Israel dramatically increased by over 2.5 times, reaching approximately 396,000 by the end of March, shortly after the conflict with Iran erupted.

  • Israel's Employment Service reported a surge in jobseekers from around 153,000 in February to about 396,000 by the end of March.
  • Job vacancies saw a significant drop of 16.8 percent, leaving an average of 0.32 openings per jobseeker.
  • The rise in joblessness disproportionately affected women, individuals under 34, and non-academic workers.
Monday 12:00 PMCapital Business

Duale backs Kenya-Somalia border reopening to boost trade

Duale backs Kenya-Somalia border reopening to boost trade

Health Cabinet Secretary Aden Duale has thrown his support behind plans to reopen the Kenya–Somalia border, citing potential economic benefits and improved trade relations.

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Key Highlights

Health Cabinet Secretary Aden Duale has thrown his support behind plans to reopen the Kenya–Somalia border, citing potential economic benefits and improved trade relations.

  • The reopening aims to formalize and boost cross-border trade, which has continued informally despite the official closure since 2011 due to security concerns.
  • Key individuals involved include Health Cabinet Secretary Aden Duale and President William Ruto, who previously announced plans to reopen border points in Mandera and Garissa County.
  • The border was officially closed in 2011 following security concerns linked to Al-Shabaab, and recent efforts to reopen were halted in 2023 due to renewed militant activity.
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