President Donald Trump said he waived the proposed 20% toll on vessels transiting the Strait of Hormuz after Gulf leaders promised to invest in the American economy, according to Amichai Stein (i24NEWS). The statement adds specificity to his earlier announcement that the toll was canceled after Gulf leaders offered billions in US investment.
President Donald Trump said Tuesday evening that he waived the proposed 20% toll on vessels transiting the Strait of Hormuz after leaders of Gulf states pledged to invest in the American economy, according to Amichai Stein (i24NEWS). The statement adds specificity to earlier reports, confirming the percentage of the levy that was dropped and directly tying the reversal to investment pledges.
The Zioneer first reported on the proposed toll at 14:59 Jerusalem, when an American media outlet revealed Trump was serious about implementing a 20% shipping tax. Within minutes, the reported a rapid sequence of developments: Trump announced the withdrawal of the fee, cited "very useful" talks with Mideast leaders, and then said partners offered billions in U.S. investment. By 19:15 Jerusalem, The Zioneer published a bulletin quoting Trump saying kings and emirs offered billions, leading him to scrap the toll. The current update from Amichai Stein confirms the 20% figure and specifies that the pledges came from Gulf leaders.
The broader context of the Strait of Hormuz toll policy has been extensively covered by The Zioneer. On June 15, Trump announced the Strait would reopen fully by Friday. On June 17, he stated the Strait would never have opened without the Iran deal. On June 20, he warned Iran against imposing tolls. On June 25, Secretary of State Marco Rubio reassured Gulf states that Washington would not tolerate any fees. And on June 26, Trump declared the Iranian regime defeated.
It remains unclear whether the Gulf investment pledges have been formalized into binding agreements, and no further details on the timing or scope of the investments were provided.
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