Trump reaffirms no money has been given to Iran yet and Hormuz will be toll-free
US president Trump looks to clarify the current situation
From his Truth Social post:
“Iran has informed the U.S. that, despite troublemaking Fake News reporting to the contrary, there are “NO TOLLS, NO INSURANCE COSTS, & NO OTHER CHARGES OF ANY KIND BEING SOUGHT OR RECEIVED BY IRAN ON SHIPS TRAVELING THE STRAIT OF HORMUZ. If this is false information, negotiations would end, immediately! Additionally, no money has been given to Iran, or released from their money to them, by the U.S. We will be releasing some of their money, that is totally controlled by us, to our Farmers and Ranchers, for the purchase of Corn, Wheat, Soybeans, and more. Food is desperately needed in Iran, and we will be purchasing it for them exclusively from the United States. Thank you for your attention to this matter! President DONALD J. TRUMP”
The early indications suggest that we are seeing traffic pick up in the past day, but they are nowhere near the pre-war levels and certainly not reflecting the supposed 19 million barrels of oil that Trump claimed it to be yesterday.
Kpler data suggested just 36 vessels crossed the strait in the day before and that is a far cry from the 130-140 vessels before the war.
Yes, it’s a marked improvement from the single-digit crossings during the peak of the conflict. But again, the tell will be by how much more will this figure pick up in the days/weeks ahead.