Trump Announces Full Blockade of Strait of Hormuz, New Gulf Trade Deals

President Trump has announced a "full blockade" on the Strait of Hormuz, one of the world's most critical oil transit chokepoints. The move is expected to have significant implications for global energy markets and regional geopolitics.

In a related statement, Trump said he has decided to replace the existing 20% US reimbursement fee with trade and investment deals from Gulf countries. The announcement signals a shift in US policy toward the region, using economic incentives rather than direct payments.

The Strait of Hormuz, located between Iran and Oman, handles about a fifth of the world's oil consumption. A blockade could disrupt supply routes and push oil prices higher, though details on enforcement and duration remain unclear.