Trump resumes Iran port blockade, threatens strikes on energy targets
AI Summary
US President Donald Trump has resumed the Iran maritime port blockade and abandoned a proposed 20% shipping fee on the Strait of Hormuz, instead seeking investment deals with Gulf states. This marks an escalation in US pressure tactics targeting energy supply routes amidst geopolitical tensions.
US President Donald Trump abandons his proposal for a 20% fee on shipping through the Strait of Hormuz a day after drawing sharp criticism, saying instead that he will seek investment deals with Gulf states