PoliticsTrump backs away from planned Strait of Hormuz cargo toll as attacks intensify

President Donald Trump reversed course after a day on plans to impose a 20% toll on cargo passing through the Strait of Hormuz. He said Middle Eastern countries would instead pursue investment and trade deals with the United States. The change came as attacks in the region intensified. Trump’s decision abandons the proposed fee in favor of economic agreements with Washington.

Donald TrumpStrait of Hormuzinvestment dealstrade

TThe Associated Press★★★★☆2026-07-15 02:39Original