Trump Reverses Proposed Hormuz Transit Fee, Shifts to Investment Deals
Trump Reverses Proposed Hormuz Transit Fee, Shifts to Investment Deals
President Donald Trump has withdrawn his proposal to impose a 20% fee on ships crossing the Strait of Hormuz, announcing instead that the US will seek investment agreements from regional countries.
- Trump announced the reversal of the proposed 20% transit fee on vessels passing through the Strait of Hormuz, hours before it was set to take effect.
- He said the US will instead pursue investment deals from regional states in exchange for protecting the waterway, rather than collecting a percentage of cargo value.
- Trump stated that the strait is open to international navigation, with the exception of Iranian vessels.
- The reversal followed international objections and communications with regional countries, according to Trump.
What happened since
Trump threatens to strike Iranian civilian infrastructure, reverses Hormuz toll plan
Donald Trump has threatened to expand US strikes on Iran to include civilian infrastructure while scrapping a planned 20% fee on ships transiting the Strait of Hormuz.
- Trump announced he would cancel the proposed 20% security fee on ships in the Strait of Hormuz, citing "highly productive conversations with Middle East leadership."
- Trump threatened to target Iranian civilian infrastructure, including power plants and bridges, if Tehran does not agree to a deal.
- Senate Democrats blocked advancement of the National Defense Authorization Act, with Chuck Schumer stating his party could not support the bill while fighting continues.
- Top House Democrats said they would oppose a bid to cut US military aid to Israel.
Trump Reverses Plan for Strait of Hormuz Transit Fees, Announces Trade Deals Instead
U.S. President Donald Trump has canceled a proposed 20% fee on ships crossing the Strait of Hormuz and will pursue trade agreements with Gulf states.
- Trump announced the cancellation of the 20% transit fee on Tuesday, replacing it with commercial and investment agreements with Gulf states.
- Trump stated that no country should impose fees on the strait and that the new plan is "much better."
- Secretary of State Marco Rubio had previously said that no country has the right to charge fees on international waterways.
- Shipping traffic through the Strait of Hormuz has fallen to about 10 ships per day, down from 130 before the war.
Coverage
Read the original reportingThis brief was compiled from 3 outlets, 2 reporting in Arabic and 1 in English, over 3 hours of coverage. Each is listed below with the headline it led on, so you can compare them yourself.
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