The proposed 20% security fee would be replaced by Gulf trade and investment deals, while Iran-linked cargo would face a full blockade under the stated plan.
Trump said the Strait of Hormuz would remain open to all shipping except Iran-linked cargo, which would face a full blockade. He also said a proposed 20% security fee would be replaced by Gulf trade and investment deals. The statement points to a harder line on Iran-related trade while avoiding a broad toll on commercial transit through one of the world’s most important energy shipping corridors.