Trump refuses to charge fees for ships passing through the Strait of Hormuz

“After very productive discussions with the leaders of the Middle East, I have decided to replace the 20 percent US offset levy with trade and investment agreements that the various Gulf states will enter into with the United States,” Trump wrote on his Truth Social account.

According to him, the volume of investment will be “huge.” At the same time, Trump did not specify what kind of agreements he was talking about and whether they would complement the previously announced obligations of the countries in the region.

The US President also said that the Strait of Hormuz is open to all ships except those associated with Iran. Washington intends to block ships traveling to or from Iranian ports, as well as carrying Iranian cargo.

“We will impose a complete blockade, but only on ships traveling to and from Iranian ports or carrying any Iranian cargo,” Trump said.