Trump eases Hormuz tolls as Strait opens to all but Iran
TL;DR Summary
European markets fell and oil prices rose as President Trump announced on Truth Social that the Strait of Hormuz is open to all ship traffic except Iran, signaling a pivot away from a previously floated reimbursement fee while suggesting a U.S. blockade could target Iran’s ports and cargo.
- Trump retreats from shipping toll in Strait of Hormuz The Washington Post
- Trump pivots from 20 percent Strait of Hormuz fee amid Iran war escalation Al Jazeera
- Trump backtracks on plan to charge 20 percent fee for ships traveling through Strait of Hormuz Politico
- Live updates: Donald Trump drops Strait of Hormuz toll; Elena Kagan, Amy Coney Barrett testify The Hill
- Trump’s Flip-Flop on Strait of Hormuz Fees Raises New Risks The New York Times
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