‘Piracy’: Will Trump’s 20 percent Hormuz toll find takers? - Al Jazeera
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Donald Trump U-turns on Strait of Hormuz 20% cargo toll less than 24 hours after reinstating Iran blockade.
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Donald Trump has backtracked on his plan to impose a 20 per cent fee on cargo passing through the Strait of Hormuz, just a day after announcing it.The controversial plan was announced alongside the confirmation of the reinstatement of a blockade on Iranian ships.
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The US President confirmed trade and investment deals with the Gulf states will replace the proposed fees for ships to pass through the channel.On Truth Social, he wrote: "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States." TRENDING Stories Videos Your Say He added the US would continue to maintain a "full blockade", but only on ships heading to and from Iranian ports.The comments were posted following continued tension across the region, as earlier today Iran fired strikes at Bahrain and Jordan, following a five-hour attack from the US on...
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Oil rises to 4-week highs as conflict in Iran escalates - CBC.
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‘Piracy': Will Trump's 20 percent Hormuz toll find takers?
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The UN maritime agency, IMO, condemned overnight attacks on shipping in and around the Strait of Hormuz that killed at least two seafarers as fresh strikes were reported early Tuesday in the escalating US-Iran war.
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Trump backs away from plans to charge fees in the Strait of Hormuz as attacks intensify CTV NewsTrump drops threat of strait of Hormuz tolls, saying Gulf states agreed ‘massive' US investment instead – Middle East crisis live The GuardianTrump drops plan to charge fees in Hormuz, seeks Gulf investment deals instead The Globe and MailTrump retreats from shipping toll, limits blockade in Strait of Hormuz The
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Trump reacts after walking back 20% fee for Strait of Hormuz cargo.
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