“We have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom will be paused for a short period of time to see whether or not the Agreement can be finalized and signed,” Trump said in his Truth Social<\/a> post. <\/p>\n The U.S. military on Monday began guiding commercial ships out of the Strait of Hormuz under Project Freedom. U.S. Defense Secretary\u00a0Pete Hegseth<\/a> on Tuesday said that “two U.S. commercial ships, along with American destroyers, have already safely transited the strait, showing the lane is clear.”<\/p>\n West Texas Intermediate<\/a> futures for June was 1.96% lower at $100.27 per barrel as of 8:03 p.m. ET. Brent crude<\/a>\u00a0futures for July declined 1.27% to $108.48 per barrel. <\/p>\n South Korea’s Kospi advanced 4.50% to scale a new peak, building on its more than 70% gains this year so far, as markets resumed trading following a holiday. The small-cap Kosdaq slipped 0.15%. Index heavyweights Samsung Electronics and SK Hynix both hit record highs, rising more than 8% and 9%, respectively, in early trade. <\/p>\n Australia’s S&P\/ASX 200 was 0.58% higher.<\/p>\n Hong Kong Hang Seng index<\/a> futures were at 25,860, compared with the index’s last close of 25,898.61.<\/p>\n Japan stock market trading is closed due to a holiday.<\/p>\n Stock Chart IconStock chart icon S&P 500 futures added 0.2%, while\u00a0Nasdaq 100 futures<\/a>\u00a0climbed 0.6%.\u00a0Futures tied to the Dow Jones Industrial Average<\/a>\u00a0fell by 30 points, or less than 0.1%.<\/p>\n During Tuesday’s regular session, the\u00a0S&P 500<\/a>\u00a0rose 0.81%, hitting a new all-time high and closing at a record of 7,259.22. The\u00a0Nasdaq Composite<\/a>\u00a0gained 1.03%, touching a new high and notching a closing record of 25,326.13. The\u00a0Dow Jones Industrial Average<\/a>\u00a0added 356.35 points, or 0.73%, to end at 49,298.25.<\/p>\n \u2014 CNBC’s Sean Conlon<\/a> and Lisa Kailai Han<\/a>\u00a0contributed to this report.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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