WS #12053
Trump replaces planned 20% Hormuz cargo fee with Gulf investment deals, declares strait open to all ships except Iranian ports, countering prior oil supply crisis thesis. Ballistic missiles strike US base in Jordan, Kuwait intercepts aerial targets, Houthis announce air blockade of Saudi Arabia, but Hormuz de-escalation offsets.
Strait of Hormuz de-escalation
Trump replaces planned 20% Hormuz cargo fee with Gulf investment deals, declares strait open to all ships except Iranian ports, countering prior oil supply crisis thesis.
Ballistic missiles strike US base in Jordan, Kuwait intercepts aerial targets, Houthis announce air blockade of Saudi Arabia, but Hormuz de-escalation offsets.