US President Donald Trump said the Strait of Hormuz has reopened for global shipping under US military protection but announced a full blockade on vessels travelling to Iranian ports or carrying Iranian cargo. He also replaced a proposed 20% reimbursement fee from Gulf states with trade and investment deals with the United States.
Washington, July 14: US President Donald Trump said on Tuesday that the Strait of Hormuz had been reopened for global shipping under US military protection, but announced a "FULL Blockade" on vessels sailing to Iranian ports or transporting Iranian cargo, while dropping a proposed 20 per cent reimbursement fee in favour of new trade and investment deals with Gulf states.
In a post on Truth Social, Trump credited the US military with restoring maritime traffic through one of the world's busiest energy corridors.
"Oil is flowing like never before, thanks to the awesome Power of the United States Military," he wrote.
Trump praised the Secretary of War Pete Hegseth, Chairman of the Joint Chiefs of Staff Dan Caine and Commander of the United States Central Command Admiral Brad Cooper for the operation.
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