President Donald Trump backtracked on his stated plan to charge a 20% toll on cargo ships in the Strait of Hormuz and Gulf states will invest.

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…

President Donald Trump said the 20% fee on cargo was necessary to "do the job of providing safety and security" to the region.