The United States has clarified that 'Operation Liberty' in the Strait of Hormuz is a coordinated effort to guide vessels through safe shipping lanes, rather than a military escort mission. This reinterpretation of President Trump's statements aims to de-escalate tensions following recent U.S.-Israel airstrikes on Iran and Iran's retaliatory blockade of the critical oil transit route. Market reactions indicate a decreased probability of U.S. military intervention in Iran, with the likelihood of a U.S. declaration of war dropping to 7.5%. The clarification aligns with a more moderate U.S. stance, emphasizing diplomatic and intelligence cooperation over direct military action. Observers are advised to monitor further U.S. statements and developments in U.S.-Iran negotiations, particularly as the May 31, 2026, deadline for potential changes in the blockade status approaches.