Trump replaces 20% Hormuz toll with trade and investment deals Gulf States will be making in US, says Strait open to all traffic except Iran

Iran Herald · July 14, 2026 Sanctions

Washington, DC [US], July 14 (ANI): US President Donald Trump on Tuesday said that the Strait of Hormuz is open to all ship traffic except for Iran and that he has decided to replace 20% toll with trade and investment deals that the various Gulf States will be making into the United States.