The primary source behind this week's oil headlines: Trump's own post. It breaks into three parts. One: the Strait of Hormuz is open to everyone except Iran, meaning the blockade on Iran-linked ships continues. Two: the floated '20% US fee' on transiting cargo is scrapped, replaced by Gulf states committing to build factories and facilities in America, with a boast about the largest foreign investment in US history attached. Three: the final sentence sets the ceiling on escalation: 'Iran will never have a nuclear weapon.' In short: take the money as investment, keep the blockade, and draw the war's limit at nukes.
Why it matters · The toll is gone but the blockade stays, so the oil risk premium stays. And 'Gulf investment instead of fees' adds one more stream of foreign capital pointed at the US industrial buildout.