Trump abandons the plan to charge tolls in Hormuz and replaces it with investments from Gulf countries
The President of the United States, Donald Trump, has once again made an impromptu shift in his strategy in the restarted war with Iran. After announcing on Monday the imposition of a 20% tariff for ships crossing the Strait of Hormuz, in exchange for security from Washington, he announced this Tuesday through Truth Social that he is abandoning that idea. “After highly productive talks with Middle Eastern leaders, I have decided to replace the 20% reimbursement tariff for the U.S. with trade and investment agreements that the various Gulf States will make in the U.S.,” the president explained.