The US has suspended its Operation Project Freedom, aimed at guiding commercial ships through the Strait of Hormuz, after a series of attacks and counter-attacks in the region. President Donald Trump announced the suspension on Tuesday, citing progress towards a deal with Iran, despite earlier statements that the US would use force to reopen the strait.

The operation was launched after Iran effectively blocked the strait, and the US sent two destroyers to lead the operation, resulting in clashes between the US and Iranian forces. Iran's Islamic Revolutionary Guard Corps (IRGC) said it hit American ships and pushed them back, while the US said it sank six Iranian small boats in the waters of the Gulf of Oman.

The situation remains tense, with Iran's government projecting strength and unity at home despite mounting economic woes. India has strongly condemned the attacks on the UAE, with Prime Minister Narendra Modi stating that targeting civilians and infrastructure is unacceptable.

The immediate next steps are unclear, but the US and Iran are expected to continue negotiations, with the US Central Command saying that the truce with Iran is holding despite recent tensions. The UAE has reported another missile and drone attack, and the region remains on high alert.