As part of the battle with Iran, US President Donald Trump withdrew his plan to impose a 20% transit fee to protect the crucial Strait of Hormuz waterway, stating on Tuesday that he would instead look for investment agreements with Gulf governments. Trump reinstated a blockade of Iranian ships and proposed the price on Monday after US forces launched waves of assaults for the third night in a row after Tehran claimed to have closed the strait.
However, Trump declared that the strait was open to all commerce except that of Iran just under five hours before a US Navy blockade of all Iranian ports and coastal areas was scheduled to take effect at 2000 GMT.In a post on Truth Social, he stated, “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 based on highly productive conversations with Middle East leadership.”
Later on Tuesday, Trump stated that he disagreed with the idea of charging a fee to cross the strait and that nations have contacted him to express their want to invest in the US rather than pay a price. What, if anything, the Gulf states had agreed to was not immediately apparent. In his article, Trump just stated, “Investments will be MASSIVE but, at the same time, extraordinarily good for them, and their future.” He made no mention of any pledges made by them.
Trump declared on the “Hugh Hewitt Show” on Monday that Iran would be blasted “very hard tonight, and we’re going to hit them hard tomorrow.” And they have absolutely nothing to do about it.” According to Iranian official media, the governor’s office of Qeshm Island, which is located on the Strait of Hormuz, said that a US projectile struck the island at approximately 7 p.m. on Tuesday. Meanwhile, Iran’s semi-official Tasnim news agency said that a US rocket detonated close to a water and power plant on Kish Island.
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