POLITICSFINANCIAL TIMES WORLD
Trump says US to abandon proposed Strait of Hormuz cargo fee
President Trump announced the US will abandon a proposed cargo fee for the Strait of Hormuz and instead seek investment from Gulf states into the US.
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- US to take over Strait of Hormuz, charge 20 percent fee for cargo shipped through, Trump says
- Trump retreats from Hormuz 20% fee plan in pivot to Gulf investment deals
- Trump backs away from plans to charge fees in the Strait of Hormuz as attacks intensify
- Trump demands shipping vessels pay 20% if they want to get through the Strait of Hormuz