In latest flip-flop, US president says Gulf investment deals will replace shipping fee, while restoring blockade targeting Iranian trade.

Trump announces toll for Hormuz: US President Donald Trump said on Monday that the US is “reinstating” a blockade on Iran in the Strait of Hormuz. Not only that, Trump also…

Trump says Iranian ships and those trading with Iran will be barred, while other commercial traffic will pay a 20% transit fee.