President Donald Trump explained that he cancelled the proposed toll on vessels transiting the Strait of Hormuz after strong partners from other countries offered to invest billions of dollars in the United States instead, according to a report by Amit Segal (N12).
President Donald Trump offered a new explanation for his decision to cancel the proposed Strait of Hormuz toll, saying that strong partners from other countries wrote to him and expressed a desire to invest billions of dollars in the United States rather than pay transit fees. The statement, reported by Amit Segal (N12) at 19:10 Jerusalem, comes after a series of policy shifts on the matter. Earlier today, Trump announced that the proposed 20% cargo fee would be replaced by trade and investment deals with Gulf states (The Zioneer, 18:18). He also clarified that the full naval blockade applies only to Iranian-linked ships (The Zioneer, 18:21). The Trump administration has been navigating the Strait of Hormuz issue for weeks, with earlier reports indicating that the US had abandoned the toll idea in favor of diplomatic and economic arrangements. The new statement provides insight into the reasoning behind the reversal, emphasizing direct foreign investment as an alternative.
8 developments
- StrongTrump clarifies Strait of Hormuz blockade applies only to Iranian-linked ships
- StrongTrump warns he may impose Strait of Hormuz tolls if no Iran deal in 60 days
- StrongTrump says tankers are sailing out of Strait of Hormuz, contradicting Iranian reports
- DevelopingBarak Betesh (i24NEWS) scrutinizes Trump’s claim on toll-free Hormuz, noting Iran switched to insurance fee instead
Source and signal
- Internal intake