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Trump scraps Strait of Hormuz toll a day after announcing controversial fee

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestylePresident Donald Trump has reversed his proposal to charge a 20% fee on all cargo transiting the Strait of Hormuz, a day after initially suggesting the levy.Instead of the fee, Trump said he would pursue trade and investment deals with various Gulf states, citing "highly productive conversations" with Middle East leadership.Trump stated the new investments from Gulf states into the United States would be "MASSIVE" and mutually beneficial for all parties involved.The initial 20% fee proposal had drawn opposition from the U.N.'s shipping agency, which generally opposes fees on maritime waterways.Trump declared a "FULL Blockade," specifically targeting ships traveling to or from Iranian ports, or those carrying Iranian cargo, while affirming the Strait of Hormuz remains open to all other vessel traffic.In fullIran-US war latest: Trump backtracks on 20% Hormuz toll a day after announcing itMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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