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The article discusses Trump's failure to force Iran to open the Strait of Hormuz to international shipping, despite renewed military strikes and intensified naval blockade. In response to the escalation, Iran fully closed the strait and refused transit to oil tankers or commercial vessels unless Iran's rights to impose tolls on passage were officially recognized, in exchange for allowing oil exports and halting attacks. Trump's quick announcement and subsequent cancellation of a decision to impose transit fees on oil tankers strengthened Iran's position, which views the strait as of strategic importance exceeding any threats. This is especially significant given the increasing likelihood of European countries imposing fees on Iranian shipping services, further solidifying Iran's influence and causing economic and political losses for the U.S. and its allies.
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