DUBAI, United Arab Emirates (AP) — U.S. President backtracked on plans to charge ships for using the , saying Tuesday that Gulf countries would instead invest in the United States. Another wave of U.S. strikes on Iran, and Iranian attacks on shipping and American allies, .
was supposed to reopen a waterway that is key to world energy supplies and give negotiators time to hammer out a permanent end to the war. Instead, fighting has once again , threatened the global economy and brought warnings to commercial airlines.
The U.S. carried out another wave of strikes ahead of its planned reimposition of a blockade on Iran’s ports, a U.S. official told The Associated Press on condition of anonymity to discuss a sensitive military operation. Iran’s Deputy Foreign Minister for Legal and International Affairs, Kazem Gharibabadi, said in an interview aired Tuesday by IRIB, Iran’s state broadcaster, that the U.S. was seeking to prevent Tehran from exercising what he described as “effective sovereignty” over the Strait of Hormuz.
A fifth of all traded crude oil and natural gas passed through the Strait of Hormuz before the war, when it was open to all without tolls. When the U.S. and Israel attacked Iran on Feb. 28, it effectively shut the passage by attacking and threatening ships — a tactic that proved its greatest strategic advantage. That sent the price of oil, fertilizer and other goods soaring.
Iran has more recently attacked ships moving through the strait on a route overseen by the U.S. military that is outside Tehran’s control, setting off tit-for-tat strikes. The U.S. has — but experts say that would require a much bigger armada if not tens of thousands of ground troops.
Trump says he’s replacing the fees with Gulf investments
On Monday, Trump said the U.S. would reimpose a blockade on Iranian ports and begin charging ships fees equivalent to 20% of their cargo to defray the costs of securing the strait. He backed off the fees a day later, while the blockade is set to come back into force in the coming hours.
Trump said he was called by “kings and emirs” and other leaders who suggested an alternate arrangement.
“They said we’d love to do it a different way. We’d love to invest in the United States with billions and billions of dollars,” Trump told reporters Tuesday in the Oval Office.
Trump said he preferred that arrangement to charging tolls “because I don’t think anybody should be able to charge a fee for the strait.”
It was unclear if the investment deals would be new commitments relative to what Trump announced after a visit last year to the Middle East.
Strikes and counterstrikes resume across the Mideast
The U.S. military’s Central Command said it struck several areas in Iran, targeting “coastal defense systems, missile and drone sites and maritime capabilities.” Iran acknowledged the strikes but provided no immediate casualty or damage assessments.
“These strikes will continue imposing a heavy cost on Iranian forces and degrade their ability to attack innocent civilians and commercial shipping in the Strait of Hormuz,” the U.S. military said.
with attacks targeting Bahrain, Kuwait, Jordan and three tankers that traveled through the strait.
The International Maritime Organization said the attack killed two mariners and wounded 14 others on two of the tankers, Mombasa and Al Bahiyah, which were associated with the United Arab Emirates. The UAE threatened to retaliate.
Iran’s paramilitary Revolutionary Guard said the Mombasa and Al Bahiyah “ignored repeated warnings.”
Qatar on Tuesday condemned what it described as repeated Iranian attacks on Jordan, Bahrain and Kuwait, calling them an “egregious violation” of the three countries’ sovereignty and the international rules-based order.
In a statement on X, Qatar’s Foreign Ministry renewed its call for “dialogue, diplomacy and de-escalation.”
Hours after the U.S. said it ended its campaign of strikes, the Iranian city of Bushehr on the Persian Gulf was hit in at least four locations, the state-run IRNA news agency reported. Explosions in the southwestern city of Ahvaz and the southern port city of Bandar Abbas also were reported by Iranian state media on Tuesday evening.
The attacks again raised the possibility that Gulf Arab states were retaliating against Iran without discussing it in public.
The interim peace deal is in peril
Exchanges of fire in recent days had already cast doubt on the — now almost halfway through the 60-day period in which negotiators were supposed to agree to a final accord, which also was meant to address Iran’s and other issues.
Washington lifted a blockade it imposed in mid-April as part of the deal. The U.S. military said it will resume it at midnight Wednesday in Dubai.
Iran’s Deputy Foreign Minister for Legal and International Affairs, Kazem Gharibabadi, said in an interview aired on Tuesday by IRIB, Iran’s state broadcaster, that the United States was seeking to prevent Tehran from exercising what he described as “effective sovereignty” over the Strait of Hormuz.
“The passage of vessels is not important to the U.S. The U.S. is not dependent on the Strait of Hormuz, and Trump has announced it many times,” Gharibabadi said. It was not immediately clear when the interview was recorded.
Trump’s plan to charge fees would have been a change to longstanding U.S. policy and a departure from U.S. promises that the strait would remain open to all without tolls — recently offered by on a trip to the region.
Under , Iran agreed that passage through the strait would remain free of charge for 60 days — but the agreement left open what would happen after. Iran asserts it has the right to manage traffic through the strait and potentially charge fees. The U.S. has disputed that.
The price for a barrel of Brent crude oil, the international standard, , still well below the nearly $120 reached at the height of the war. The price dipped to $78 in the aftermath of Trump’s announcement that he had changed course.
Mediators are trying to prevent a return to full-scale war
Regional mediators are still trying to get the United States and Iran back to the negotiating table, according to two regional officials.
The officials, speaking on condition of anonymity to discuss the delicate diplomatic process, said Pakistan-led mediation was working around the clock to reactivate the ceasefire.
Meanwhile, Lebanese and Israeli delegations met Tuesday in Rome and will continue U.S.-mediated negotiations Wednesday. Shortly after the U.S. and Israel launched the war on Feb. 28, the Lebanese militant group Hezbollah joined the conflict in support of its ally, Iran, and began attacking Israel. Israel responded with a ground invasion of Lebanon.
Last month, a “framework agreement” outlining the withdrawal of Israeli forces from southern Lebanon in exchange for the . Implementation has stalled.
Before the fighting around the strait intensified, Israel’s war against Hezbollah in Lebanon repeatedly threatened to derail the interim deal. A truce now exists in Lebanon, but it remains unclear whether it will hold if the U.S. and Iran return to full-scale war.
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Toropin and Binkley reported from Washington. Associated Press writer Samy Magdy in Cairo contributed to this report.
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