Free Republic

President Trump on Tuesday backed off his proposed 20% toll for ships passing through the Strait of Hormuz in favor of investment deals that Persian Gulf states will ink with the US. Trump in a Truth Social post said the decision was “[b]ased on highly productive conversations with Middle East Leadership.” “Those Investments will be MASSIVE but, at the same time, extraordinarily good for them, and their future,” he added... Trump announced the new tolling scheme on Monday, declaring that the US would be the “guardian” of the Strait of Hormuz and would collect a reimbursement equal to 20% of...

President Trump on Tuesday backed off his proposed 20% toll for ships passing through the Strait of Hormuz in favor of investment deals that Persian Gulf states will ink with the US.Trump in a Truth Social post said the decision was “[b]ased on highly productive conversations with Middle East Leadership.” “Those Investments will be MASSIVE but, at the same time, extraordinarily good for them, and their future,” he added. Trump also claimed that exports of oil were “flowing like never before” thanks to recent US airstrikes on Iran, and “the Strait of Hormuz is open to All Ship traffic except...

President Donald Trump took back his 20% fee on all cargo transported through the Strait of Hormuz on Tuesday, some twenty-four hours after first making the surprise announcement. In yet another yo-yo move of his tariff and trade policy, Trump claimed that he will replace the transit fee on the Strait with “trade and investment deals” for individual countries using the key energy hub. “Oil is flowing like never before, thanks to the awesome Power of the United States Military. A special salute to Secretary of War, Pete Hegseth, Chairman of the Joint Chiefs of Staff, Dan Caine, and Commander...