US Drops 20% Hormuz Toll, Resumes Iranian Port Blockade and Expands Military Strikes
2026-07-15 08:17

Woofun AI reports that U.S. President Trump announced the cancellation of the proposed 20% toll on shipping through the Strait of Hormuz, a measure discarded approximately 24 hours after its introduction. Trump indicated that trade and investment agreements with Gulf nations, including Saudi Arabia, the UAE, Qatar, Kuwait, and Bahrain, would supersede the toll scheme. U.S. Energy Secretary Wright confirmed that the toll is no longer under consideration.

Simultaneously, the United States reinstated a maritime blockade on Iranian ports and coastal regions, effective Tuesday afternoon local time. The U.S. Central Command stated that new military strikes were launched to degrade Iran's capacity to target commercial vessels. Trump warned that operations would persist, threatening attacks on Iranian power plants and bridges if negotiations fail, designating energy facilities as the "ultimate target."

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