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Project Freedom or Hormuz Gambit? Trump Plan Meets Tehran's Sharpest Warning
A forty-eight-hour escort mission moved two of 1,600 ships and was killed by a Saudi airspace refusal. The Iranian warning that followed was phrased in operational language, not diplomatic language, and the timing of a $760 million oil bet suggests the announcement itself was the tradable event.

Desk note: Monexus framed this as a story about allied consent and operational geometry rather than as a Washington drama about a single decision. The wire reportage led with Trump's reversal; we led with what the reversal revealed about who actually holds the keys to the western Gulf.
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