Middle East crisis live: US strikes Iran for third consecutive night; UAE says Tehran has hit tankers in strait of Hormuz
President Trump announced a blockade on Iranian shipping in the Strait of Hormuz while replacing a proposed 20% transit fee with new trade and investment deals with Gulf nations. He emphasized that these deals will boost American manufacturing and job creation.
Why it matters
The shift in strategy reflects a move toward economic leverage over direct taxation in managing regional conflicts and energy security.
US president Donald Trump says that the strait of Hormuz is open to ships from all countries apart from Iran and that he has struck “massive” investment deals with Gulf nations.
double quotation mark The Strait of Hormuz is open to ALL Ship traffic except for Iran — and that is because of their lying, violent, malicious leadership, which is taking them down the path of TOTAL DESTRUCTION.
We will therefore have a FULL Blockade, but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo.
Trump also said that trade and investment deals with the Gulf states will replace the 20% fee for ships to pass through the strait that he proposed a day earlier.
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