Trump's controversial proposal to implement a 20% tax on goods through the Strait of Hormuz was withdrawn after Gulf backlash.

The US will charge a 20% fee on all cargo shipped through the Strait of Hormuz, as announced by President Trump to ensure safety in the volatile region.

U.S. President Donald Trump reversed Tuesday his plans to charge a 20% toll on all cargo going through the Strait of Hormuz as part of the conflict...

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

President Donald Trump's toll on shipping passing through the Strait of Hormuz is designed to increase international pressure on Iran.