Trump Reverses Threat of 20% Fee on Strait of Hormuz Cargo as US prepares to resume Iran Ports Blockade

Donald Trump's latest Truth Social post suggests that his proposed 20% fee on traffic through the Strait of Hormuz was - at least in part - a bid to secure investment in the US.

Foreign investment in the country has been a significant focus for his administration, and one that has cropped up periodically in dealings with foreign countries over the issue of tariffs.

While Trump has promised that these deals will be "massive" and will see factories and equipment pour into the US, there are very few details, and we have yet to hear from the Gulf states that he says will be involved.

The last line of his post - in which he says that Iran's days of killing protesters are "over" - is also something of a mystery.

Notably, pressure on Iran to make domestic reforms or improve its human rights records was absent from the 14-point Memorandum of Understanding that extended the ceasefire.

It is unclear how he plans to accomplish this, or pressure an Iranian regime that has survived the war largely intact despite the deaths of senior leaders.

We'll be hearing from Trump in the Oval Office shortly.

(Source: BBC)