Trump Says Will Replace 20% Hormuz Cargo Fee With 'Trade Deals'
Donald Trump has announced plans to replace a 20 percent fee on cargo passing through the Strait of Hormuz with new trade agreements. The former president emphasized that the waterway would remain accessible to all international shipping traffic with the exception of Iran.
In a recent social media announcement, Donald Trump stated he intends to eliminate a 20 percent fee currently associated with cargo transit through the Strait of Hormuz. He proposed that this financial structure be replaced by specific trade deals aimed at stabilizing commercial movement in the region.
Trump further clarified his stance on maritime accessibility for the strategic waterway, which serves as a critical chokepoint for global oil supplies. According to his statement, the passage should remain unrestricted for the majority of global trade vessels.
However, the proposal includes a significant restriction targeting Tehran. Trump specified that while the strait would be open to all other international ship traffic, it would remain closed to Iranian vessels under his proposed policy framework. Source: Truth Social.
