President Donald Trump announced Tuesday that he is replacing his proposed 20 percent reimbursement fee on cargo ships transiting the Strait of Hormuz with trade and investment deals involving Gulf states, while maintaining a blockade on ships traveling to or from Iranian ports or carrying Iranian cargo.

The post Trump Drops 20% Strait of Hormuz Reimbursement Fee, Says Gulf States Will Make ‘Massive’ U.S. Investments appeared first on Breitbart.