Trump Drops Proposed 20% Hormuz Fee, Replaces It With Gulf Investment Deals

President Donald Trump has abandoned his proposal to charge a 20% fee on cargo moving through the Strait of Hormuz, saying the United States will instead seek trade and investment commitments from Gulf states in return for maintaining security in the strategic waterway.

In a Truth Social post Tuesday, Trump said the Strait of Hormuz was open to all shipping except vessels calling at Iranian ports or carrying Iranian cargo, as the United States prepared to resume its naval blockade of Iran.

“We will therefore have a FULL Blockade, but only on Ships coming to and from Iranian ports, or carrying