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Trump Shifts Hormuz Policy: Trade Deals Replace Cargo Tariffs
๐Ÿ‡ฌ๐Ÿ‡ท Greece /Economy & Trade

Trump Shifts Hormuz Policy: Trade Deals Replace Cargo Tariffs

From Ta Nea · () Greek

Translated from Greek, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Former U.S. President Donald Trump announced a shift in policy regarding oil shipments through the Strait of Hormuz.
  • Instead of a 20% tariff on cargo, the U.S. will pursue commercial and investment deals with Middle Eastern nations.
  • Trump asserted that oil is flowing freely due to U.S. military strength and condemned Iran's leadership.

Former U.S. President Donald Trump has announced a significant policy change concerning oil shipments through the Strait of Hormuz. In a post on his Truth Social platform, Trump expressed satisfaction with the current flow of oil, attributing it to the "tremendous power" of the U.S. military.

Oil is flowing like never before, thanks to the tremendous power of the United States Armed Forces. Special salute to Secretary of War P.J. O'Rourke, Chairman of the Joint Chiefs of Staff Dan Caine, and Commander of the United States Central Command Admiral Brad Cooper.

โ€” Donald TrumpIn a Truth Social post announcing a policy shift regarding the Strait of Hormuz.

Trump specifically saluted Secretary of War P.J. O'Rourke, Chairman of the Joint Chiefs of Staff Gen. Dan Caine, and U.S. Central Command Admiral Brad Cooper. He stated that thanks to their efforts and those of the "strongest military in the world," the Strait of Hormuz remains open to all shipping, with the exception of vessels associated with Iran.

The former president accused Iran's leadership of a "false, violent, and malicious" stance, warning that it is leading the country toward "total destruction." He also announced a "complete blockade" on ships traveling to or from Iranian ports or carrying cargo linked to Iran.

Thanks to them, and all members of the strongest military in the world, BY FAR, the Strait of Hormuz remains open, except for Iran, and that is due to their false, violent, and malicious leadership, which is leading them to TOTAL DESTRUCTION.

โ€” Donald TrumpAttributing the open passage of the Strait of Hormuz to U.S. military might while criticizing Iran's leadership.

However, Trump revealed that following "productive conversations with Middle Eastern leaders," he decided to replace the previously considered 20% U.S. cargo tariff with commercial and investment deals between Gulf states and the United States. He described these investments as "tremendous" and mutually beneficial, predicting they would lead to historic levels of factory creation, infrastructure development, and "millions of well-paying American jobs."

We will therefore be imposing a COMPLETE blockade, but only on ships going to and from Iranian ports or carrying anything related to Iranian cargo.

โ€” Donald TrumpAnnouncing a blockade on ships connected to Iran.

Concluding his post, Trump declared, "America is winning again" and assured that "Iran will never have a nuclear weapon."

Based on the extremely productive conversations I have had with Middle Eastern leaders, I have decided to replace the United Statesโ€™ 20% compensation fee with commercial and investment deals that the various Gulf states will make with the United States.

โ€” Donald TrumpExplaining the replacement of a potential tariff with trade agreements.
DistantNews Editorial

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.