New Gulf investment strategy replaces Hormuz toll, targets Iranian ships

Trump highlighted that the shift away from toll collection is motivated by the desire to boost Gulf investment, not to weaken maritime commerce. He stressed that the Hormuz Strait will stay open for all commercial traffic except vessels tied to Iran, labeling the Iranian regime as deceptive and aggressive. The president also credited the U.S. armed forces for safeguarding the waterway and enabling the new economic approach.