Summary
- President Donald Trump said the Strait of Hormuz would be open to all ships except Iran-linked vessels.
- Trump said the US would impose a full blockade on ships traveling to or from Iranian ports or carrying Iranian cargo.
- Trump also said he would pursue trade and investment agreements with Gulf countries instead of the earlier US proposal for 20% cost reimbursement.
Forecast Trend Report by Period
President Donald Trump said the Strait of Hormuz would be open to all vessels except those linked to Iran.
Walter Bloomberg reported on July 14 that the US would impose a full blockade on ships traveling to or from Iranian ports, or carrying Iranian cargo.
Trump also said he would pursue trade and investment agreements with Gulf countries instead of his earlier proposal for the US to receive 20% in cost reimbursement.
JH Kim
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