The president explained his thinking in backing away from a 20% toll on cargo passing through the Strait of Hormuz, saying he was called by “kings and emirs” and other leaders who suggested an alternate arrangement.

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…

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.