WASHINGTON - US President Donald Trump said Tuesday that the United States will take investment deals with Gulf states instead of fees for ships passing through the Strait of Hormuz.

ALBAWABA- U.S. President Donald Trump announced on Monday a sweeping new policy for the Strait of Hormuz, declaring that the United States will assume t

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.

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.