Trump drops Hormuz cargo fee as US intensifies blockade of Iranian ports
Donald Trump, US President has abandoned plans to impose a 20 percent charge on cargo passing through the Strait of Hormuz, opting instead to pursue what he described as “massive” trade and investment agreements with Gulf states as Washington escalates military pressure on Iran.
The policy reversal came hours before the United States resumed its blockade of Iranian ports, with US Central Command (CENTCOM) launching another wave of strikes targeting facilities it said were being used to threaten commercial shipping in the strategic waterway.
The renewed military campaign follows days of exchanges between US and Iranian forces that have sharply reduced tanker traffic through the Strait of Hormuz and driven oil prices higher. Iranian state media reported explosions in several cities, including Bushehr, home to one of the country’s nuclear power plants.
Tehran said it
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