On Tuesday, July 14th, 2026, US President Donald Trump announced that he has abandoned his previously proposed plan to charge a 20% fee on cargo transiting the Strait of Hormuz. The Strait of Hormuz is a critical global shipping route, and the proposed fee had drawn significant international attention. According to Al Jazeera, President Trump confirmed the withdrawal of this plan, signaling a shift in US policy regarding the strategic waterway.
WorldDeveloping
US President Trump Abandons Proposed 20% Fee on Strait of Hormuz Cargo
President Donald Trump has officially dropped his plan to impose a 20% fee on cargo passing through the strategic Strait of Hormuz.
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