Trump willing to replace Hormuz Strait fees with agreements: 'No one should charge for passage'

U.S. President Donald Trump announced that a consensus has been reached with Persian Gulf nations to replace potential fees for passage through the Strait of Hormuz with trade and investment agreements. This development comes amid ongoing tensions between the U.S. and Iran, with the U.S. military having completed a new round of strikes on Iranian military targets on July 14.

Trump stated on his social media platform that following highly constructive calls with Middle Eastern leaders, the decision was made to substitute a compensation plan for cargo fees with "trade and investment agreements." He asserted that these substantial investments would mutually benefit the nations involved and enhance the significant investments already secured by the United States. "We will witness factories, facilities, and equipment pouring into the United States on a historical level," Trump declared, adding, "America has won again, to an unprecedented degree."

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We will witness factories, facilities, and equipment pouring into the United States on a historical level. America has won again, to an unprecedented degree.

Speaking to reporters at the White House, Trump mentioned that after announcing the plan to charge a 20% fee on cargo passing through the Strait of Hormuz, he received calls from leaders of countries including Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, and Kuwait. These leaders indicated their willingness to adopt a different approach. Trump acknowledged this, stating, "No one should charge fees for the Strait of Hormuz."

The article also includes a disclaimer about age-restricted content and links to related news, but the core of the report focuses on Trump's diplomatic and economic maneuverings regarding the crucial waterway.

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No one should charge fees for the Strait of Hormuz.