Trump Withdraws 20 Percent Toll Proposal on Strait of Hormuz Cargo
President Trump reverses his plan to impose a toll on shipping through the Strait of Hormuz, opting to focus on trade and investment with Gulf states instead.
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President Trump reverses his plan to impose a toll on shipping through the Strait of Hormuz, opting to focus on trade and investment with Gulf states instead.
Showing 1-14 of 14 articles.
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Tensions escalate as President Trump briefly demands tolls on Strait of Hormuz shipping before retreating, amid ongoing conflict and military strikes.
BBC World | Jul 14, 2026, 7:56 PMworld
US President Donald Trump abandons plan to impose a 20% charge on commercial cargo through the Strait of Hormuz, replacing it with trade and investment agreements with Gulf states amid ongoing regional tensions.
South China Morning Post World | Jul 14, 2026, 4:34 PMworld
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.
BBC World | Jul 14, 2026, 3:39 PMworld
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