President Donald Trump shocked Gulf allies and many of his own aides with his plan to impose a toll on the Strait of Hormuz, touching off an international scramble to convince him to reverse course on his demand, several sources familiar with the matter told CNN.

Pressure from Gulf leaders prompted Trump to abandon proposed tolls.

Donald Trump’s proposal to charge a 20 per cent toll on ships crossing the Strait of Hormuz is an “act of desperation” and the worst possible outcome for Australia, a retired…

President Donald Trump's plan to impose a 20% fee on cargo passing through the Strait of Hormuz is threatening the global oil surplus.

For shipping giant Hapag-Lloyd, it is "fundamentally wrong" to charge tolls for passage through international waters, regardless of the country in charge.

Trump proposes a 20% toll on cargo in the Strait of Hormuz amid rising tensions. Toll by December 31 at 35% YES.

Adding to transit cost uncertainty, US President Donald Trump has proposed imposing a 20% reimbursement or toll on cargoes that are transported through the Strait of Hormuz.…

President Donald Trump said Monday that the United States would impose a 20% charge on cargo shipments using the Strait of Hormuz after a cease-fire with...

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...

US President Trump announced Gulf nations will invest in the United States. This replaces a proposed fee for shipping through the Strait of Hormuz. Massive investments will boost…

By Enas Alashray, Elwely Elwelly, Tala Ramadan and Katharine JacksonCAIRO/DUBAI/WASHINGTON, July 14 (Reuters) - U.S. President Donald Trump stepped back from a proposal to charge…

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

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.

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

WASHINGTON: US President Donald Trump on Tuesday abandoned plans to impose a 20 percent fee on vessels using the Strait of Hormuz, saying he would instead pursue investment…

Oil prices ease on gains after US President's reversal

Barely a day after proposing a 20 per cent fee to protect commercial tankers in the Strait of Hormuz, President Donald Trump dropped the controversial plan.

According to the US president, he was contacted by the leaders of the Gulf countries

The President said Middle East leaders had contacted him to rethink his toll idea.

Trump drops his proposed 20% Strait of Hormuz shipping fee, opting for Gulf trade and investment deals while announcing a blockade on Iran-linked shipping.

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