US President Donald Trump opted against imposing a 20% fee on Strait of Hormuz cargo, favoring Gulf nations' investment and trade agreements with America instead.
Trump said Gulf countries would make investments
Jul 15, 2026
11:10 am
What's the storyUnited States President Donald Trump has reversed his decision to impose a 20% fee on cargo passing through the Strait of Hormuz five hours before the toll was set to take effect.
Instead, Trump said Gulf countries would make investments and trade deals with America.
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