Trump Reverses Compensatory Fees for Major Gulf Investments in US

Former U.S. President Donald Trump announced his decision to reverse the 20% "American compensation fees," in favor of commercial and investment deals that various Gulf nations intend to implement within the United States. This decision follows "highly fruitful talks" he held with leaders in the Middle East region. Trump explained, in a post on his "Truth Social" account, that these investments would be "massive" and aim to elevate the volume of dollar investments within the United States to unprecedented levels. These inflows include the establishment of factories, facilities, and the supply of equipment to the country, which he stated would contribute to creating millions of high-paying American jobs. In a related context, Trump indicated that the Strait of Hormuz would remain open to all maritime traffic except for that destined for Iran. He also declared the imposition of a "full blockade" on vessels originating from or bound for Iranian ports, or those carrying any cargo linked to the Islamic Republic. The former U.S. President affirmed that oil "is flowing at an unprecedented pace," attributing this to the strength of the U.S. military. He simultaneously emphasized that Iran "will not possess a nuclear weapon."