U.S. President Donald Trump on July 14 said he is backing away from a proposal he made a day earlier to charge cargo ships for safe passage through the Strait of Hormuz amid fresh U.S. strikes against Iran.
In a Truth Social post, Trump said that his decision was “based on highly productive conversations with Middle East leadership.” He did not identify with whom he spoke.
“I have decided to replace the 20 percent United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States,” the president said. “Those Investments will be MASSIVE but, at the same time, extraordinarily good for them, and their future.”…
Trump Swaps Hormuz Toll Plan for Gulf Trade Deals
