US President Donald Trump said Tuesday that the US will take investment deals with Gulf states instead of fees for ships passing through the Strait of Hormuz.

"Based on highly productive conversations with Middle East leadership, I have decided to replace the 20 percent United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States," Trump said in a post on Truth Social.

Trump said the Strait of Hormuz would remain open to all ship traffic except for Iran, while the naval blockade will continue.

"BY FAR, the Strait of Hormuz is open to ALL Ship traffic except for Iran," he said. "We will therefore have a FULL Blockade, but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo," he added.

The decision came one day after he proposed a 20-percent fee on shipping to reimburse the US for protecting the key waterway.

Trump said he had formally notified Congress on Friday that the country had resumed military operations against Iran.

US resumes blockade in Hormuz

Meanwhile, the US military on Tuesday announced the resumption of the blockade in the Strait of Hormuz.

"US forces resumed the naval blockade against vessels transiting to and from Iranian ports and coastal areas today at 4 pm Eastern Time," the US Central Command said in a statement posted on social media platform X.

"There are currently more than 20 US Navy warships and hundreds of military aircraft operating across the Middle East. American forces remain vigilant, lethal, and ready," it said.

US, Iran exchange fresh attacks 

The command said Tuesday that it had completed a seven-hour wave of strikes against Iran, "hitting dozens of military targets near the Strait of Hormuz and Iranian coastal areas," hours after resuming a naval blockade in the strait.

Iran's Islamic Revolution Guard Corps (IRGC) said it targeted the MQ-9 drone deployment ramp at US Ali Al Salem Air Base in Kuwait in retaliation for US attacks, the official IRNA news agency reported on Wednesday.

In addition, the IRGC said it had struck US military facilities at the al-Azraq base in Jordan and had also destroyed the command and control center, naval support management center, warehouses, and fuel tanks at the US Fifth Fleet base in Bahrain in a "crushing response" on Wednesday.

The IRGC warned that the Strait of Hormuz will remain closed until the "end of America's evils."