Donald Trump had proposed a 20 per cent fee on cargo passing through the waterway, but said he would instead seek investment deals with Gulf states.

Trump announces toll for Hormuz: US President Donald Trump said on Monday that the US is “reinstating” a blockade on Iran in the Strait of Hormuz. Not only that, Trump also…

Trump says Iranian ships and those trading with Iran will be barred, while other commercial traffic will pay a 20% transit fee.