Trump retracts plan to impose 20% tariff on ships passing through the Strait of Hormuz

U.S. President Donald Trump announced a reversal of his decision to impose a 20% tariff on ships passing through the Strait of Hormuz, explaining that oil continues to flow abundantly thanks to the strength of the American military. He confirmed that the United States will impose a blockade only on Iranian ships, replacing trade tariffs with agreements with Gulf countries to boost investments and create jobs in America. He also stated that Iran will never obtain a nuclear weapon, and announced the reimposition of a naval blockade on Iran, while Iran warned against American intervention in the strait.