According to a CNN report, leaders from Saudi Arabia, the United Arab Emirates, Bahrain, and Qatar were among those who convinced Trump to abandon the proposed 20% fee on cargo.

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

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