SECURITYSEMAFOR
Trump abandons Hormuz toll plan, restarts naval blockade
US President Donald Trump abandoned a plan to charge a 20% toll in the Strait of Hormuz, following skepticism about its economic impact. Hours later, the US restarted a naval blockade of Iranian ports and launched fresh strikes against Iran as part of Trump's shifting military strategy to control Hormuz.
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Adjacent reporting
- Trump scraps Hormuz toll plan but presses ahead with Iran blockade
- Trump reimposes blockade on Strait of Hormuz, declares 20 percent US toll on shipping
- Trump reinstates Iranian blockade, says Strait of Hormuz will stay open
- U.S. launches new strikes on Iran while Tehran mocks Trump’s reversal on charging for Hormuz transits — ‘20% is of course too much. We will be fair’
- Trump says US will blockade Iran in the Strait of Hormuz and will charge ships for safe passage