President Donald Trump reversed his earlier plan to impose a 20% fee on vessels transiting the Strait of Hormuz, instead pushing for investment agreements between Gulf nations and the United States. In a Tuesday post on Truth Social, Trump attributed the shift to “highly productive conversations” with Middle Eastern leaders and claimed that recent U.S. airstrikes on Iran had caused oil exports to move “flowing like never before.” He stated the waterway remains open to all shipping except Iranian vessels, which he said would face a complete blockade due to Tehran’s leadership. The decision matters because the proposed toll had drawn industry predictions of nearly $200 billion in annual revenue, and the reversal signals a change in how the administration aims to manage regional oil transit and security.