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This is a high risk investment and you should not expect to be protected if something goes wrong. I'm John Batchler. I welcome Colonel Jeff McCausen, United States Army-Rotard artilleryman, visiting Professor Dickinson College's Diamond Sixth Leadership and Strategy CEO immediately the Strait of Hormuz. The headline from

Europe late in the day, this is a financial times. Trump says U.S. to abandon proposed

Strait of Hormuz cargo fee. The explanation for this is straightforward and a little puzzling.

The president, within 24 hours, announced that he was going to charge 20% to each cargo or tanker

leaving or entering the Strait of Hormuz. It was unclear which, in order to pay for the U.S.

Navy's protection. Subsequently, the President has said that he's received promises or commitments of

large investments in the U.S. economy from Gulf Cooperation Council allies, and they

will no longer charge 20 percent per tanker or cargo vessel.

I am lost in the details. Jeff, a very good evening to you.

The Strait of Hormuz is the issue here. Is it open or is it closed? Can we tell? Good evening to you.

It's difficult to tell, but it's largely closed based on the trafficability. Recently, I saw

on a 24-hour period in the last day or so only about 12 ships

transited the Strait of Hormuz. And one of the longer-term questions, I think, is even if the

ships that are now stranded in the Persian Gulf are able to exit, will we be able to establish

conditions whereby they'll feel secure to return? And that has to do with security of the straits.

...