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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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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Following recent attacks on civilian vessels, UN bodies call for de-escalation amid competing claims over the vital Strait of Hormuz shipping route.
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President Trump reverses his proposal to charge a 20% fee on cargo passing through the Strait of Hormuz, opting instead for trade deals with Gulf states as the US plans to resume a naval blockade on Iranian ports.
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