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.

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

Trump's toll plan for vessels in the Strait of Hormuz raises oil supply disruption fears. Iran charging fees by August 31 at 50% YES.

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