President Trump said on Tuesday that oil is flowing 'like never before' and the Strait of Hormuz is open to all traffic except Iran, due to Iran's 'false, violent, and vicious leadership.' He announced a full blockade on ships entering Iranian ports or carrying Iranian cargo, and said he replaced the 20% US compensation fee with trade and investment agreements from Gulf states, which he described as 'enormous.' Trump asserted that Iran will never obtain nuclear weapons.
President Trump's latest statement marks a hardening of the US posture toward Iran, shifting from the compensation model to direct investment deals with Gulf states. The Zioneer has previously reported on Trump's threats to Iran, including authorization of strikes and a blockade, as well as volatile oil prices reacting to US-Iran tensions. The assertion that the Strait of Hormuz is open except for Iran suggests the blockade remains focused on Iranian maritime activity, not general shipping. The statement did not include a timeline for the new investment agreements, and it remains unclear whether Gulf states have agreed to the proposed terms.
4 developments
- StrongTrump says US 'hitting Iran hard,' vows to secure Strait of Hormuz, calls Tehran 'crazy'
- StrongTrump touts 19 million barrels crossing Hormuz yesterday, oil prices falling
- DevelopingTrump: Strait of Hormuz traffic hits record highs, oil prices dropping
- StrongTrump: 'We defeated the Islamic Republic regime'; says Strait of Hormuz open, setting records
Source and signal
- Internal intake