Trump zigzags again: gives up on the Hormuz transit tax
The renewed American blockade of the Strait of Hormuz was supposed to begin at 23:00, hours before that the US president changed direction again: "I decided to replace the 20% repayment fee to the US…
Assessment
Trump has reversed his position on the Hormuz Strait transit tax hours before it was set to take effect, replacing it with a demand for trade and investment deals from Gulf states. The last-minute shift underscores the volatility of his decision making on a critical global chokepoint. The key question is whether Gulf states will accept this new framework or if the threat of a naval blockade remains on the table.