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Trump reverses course on Hormuz toll, opts for Gulf trade deals amid ongoing raids

A large oil tanker navigates the Bosphorus Strait with Istanbul's skyline and Camlica Tower in the background.
Symbolic image · Burak Başgöze / Pexels

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4 sources · 1 min read

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US President Donald Trump has reversed his earlier proposal to impose a 20 percent toll on traffic through the Strait of Hormuz, announcing instead that the United States will pursue commercial agreements with Gulf countries. The shift was confirmed by multiple news agencies and Italian newspapers.

However, the situation on the ground remains tense. Iran attacked three oil tankers in the Strait area, while US military raids against Iranian targets continued. According to La Stampa, two mariners were killed and fourteen were injured in an Iranian attack, though these casualty figures have not been independently confirmed by other sources.

Ports in the region have been blocked and Iranian ships have been stopped. La Stampa also reports that the crossfire has caused a temporary truce agreement to fall through, a detail that other outlets have not independently corroborated.

The Strait of Hormuz is a critical chokepoint for global oil shipping, and the developments have raised concerns about potential disruptions to energy supplies. The decision to abandon the 20 percent toll in favor of trade deals with Gulf states marks a change in US strategy for the area.