Trump Waives Strait of Hormuz Transit Fees Amid Regional Tensions
US President Donald Trump announced on the social media platform Truth that oil is flowing through the Strait of Hormuz more robustly than ever, attributing this to the strong presence of the US military. He stated that the strait remains open to all shipping traffic except vessels from Iran, which he blamed on the country's "deceptive, violent, and malicious leadership" leading it toward total destruction. Trump declared a full blockade exclusively targeting ships arriving from or destined for Iranian ports, or those carrying Iranian-related cargo.
In addition, Trump revealed that following highly productive discussions with Middle Eastern leaders, he decided to waive the 20% transit fee on trade and investment deals conducted by Gulf states within the US. He described these forthcoming investments as massive and exceptionally beneficial for both the Gulf countries and their future prospects.
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