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

ALBAWABA- U.S. President Donald Trump announced on Monday a sweeping new policy for the Strait of Hormuz, declaring that the United States will assume t

Donald Trump’s plan to charge ships to use the strait would be a marked departure from the US’ previous insistence that passage through the crucial waterway should be free and…

President Donald Trump on Tuesday reversed course on his earlier proposal for the US to levy a 20% fee on all cargo flowing through the Strait of Hormuz

The president abandoned plans to charge fees for policing the Strait of Hormuz in lieu of inking new trade deals with Gulf states.