Trump Pauses Failed Operation Freedom, Rubio Claims End to Epic Fury as Strait of Hormuz Remains Blockaded

President Trump has paused the failed Operation Freedom after less than 48 hours, claiming success despite no tangible results. The Strait of Hormuz remains blockaded with commercial traffic at a standstill and only two ships having exited. Secretary of State Marco Rubio declared the Epic Fury phase over, asserting that Iran's navy and air force have been destroyed, though Iranian statements refute negotiations. The US has proposed a one-page memorandum of understanding to end the near 10-week war, involving a moratorium on Iranian nuclear enrichment, lifting of US sanctions, and reopening of the strait. Iran is evaluating the proposal, with responses expected within 48 hours. Economic damage is escalating: jet fuel costs have doubled, airlines have cut 2 million seats and 12,000 flights globally, and US gas prices are heading toward $5.00. Iran has launched the Persian Gulf Strait Authority to regulate passage and collect tolls. A French vessel was attacked in the strait. The US military air presence over the region has collapsed from 27 to 7 aircraft, possibly due to Chinese pressure ahead of Trump's visit. Israel is demanding escalation, while Iran denies attacking the UAE. Real economy distress is expected to become acute by the end of May.