Trump drops his proposed 20% Strait of Hormuz shipping fee, opting for Gulf trade and investment deals while announcing a blockade on Iran-linked shipping.
U.S. President Donald Trump gestures as he participates in a bilateral meeting with Iraqi Prime Minister Ali al-Zaidi (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., July 14, 2026.
| Photo Credit:
Evan Vucci
U.S. President Donald Trump on Tuesday
dropped the idea of charging a 20% fee on all cargo shipped
Trump drops plan to charge Hormuz transit fee, shifts focus to Gulf investment
Trump drops plan for 20% fee for transit through Hormuz Strait
Trump drops Hormuz fee plan in favour of Gulf investment deals
Trump reverses plan to charge 20% fee in Strait of Hormuz - UPI.com
Trump Scraps Hormuz Toll Plan as U.S.-Iran Conflict Deepens | OilPrice.com
Trump backs away from fee plan on Strait of Hormuz
Trump backtracks on his threat of 20% Hormuz toll in favour of trade deals
Trump backs away from threat to charge Strait of Hormuz tolls
Trump drops Strait of Hormuz tolls for Gulf trade deals
Donald Trump backs down on 20 percent fee to guard Strait of Hormuz
