Trump withdraws planned 20% levy on Hormuz ships, calls for trade deals with Gulf countries instead
President Trump has reversed a proposed 20% levy on maritime traffic passing through the Strait of Hormuz, opting instead to pursue expanded trade agreements with Gulf nations. The administration clarified that the critical waterway remains open to all international commercial shipping with the exce
President Trump announced today that the previously proposed 20% levy on ships navigating the Strait of Hormuz has been withdrawn. The administration indicated that the focus will shift toward securing comprehensive trade deals with Gulf countries to stabilize regional economic interests.
During the announcement, it was emphasized that the Strait of Hormuz remains open to all global ship traffic. This policy keeps the vital maritime corridor accessible for international commerce, though the administration maintained a strict prohibition on Iranian shipping in the area.
The move is seen as a strategic pivot toward diplomatic and economic cooperation within the Gulf region. Officials suggest that fostering trade deals will provide a more sustainable framework for security than the implementation of maritime levies.
Source: White House Press Release
