Research conducted by Perplexity AI using the following sources:

• Trump skeptical after Iran proposes 14-point peace agreement
• Live Updates: Trump announces new effort to escort ships out of Strait of Hormuz
• Trump announces ‘Project Freedom’ to escort stranded ships from Hormuz
• 'Project Freedom: Trump says escorting neutral ships out of Strait of Hormuz starts Monday
• Donald Trump says US to begin escorting ships through Strait of Hormuz
• Trump: US Navy to "guide" ships from Strait of Hormuz from Monday
• Markets on alert as Trump vows Project Freedom for Hormuz after renewed attacks on ships