US President Trump drops 20% Strait of Hormuz fee plan

Author: aljazeera.comPublished on: July 14, 2026Country: United States

PoliticsBusiness & Economy

US President Trump drops 20% Strait of Hormuz fee plan

Donald Trump has abandoned his proposed 20% fee on cargo transiting the Strait of Hormuz. Gulf leaders reportedly offered billions of dollars in investment and trade deals with the United States instead.

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