Trump drops proposed 20% Strait of Hormuz toll within 24 hours, opts for Gulf trade deals | Blerbz

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/Trump drops proposed 20% Strait of Hormuz toll within 24 hours, opts for Gulf trade deals

Trump drops proposed 20% Strait of Hormuz toll within 24 hours, opts for Gulf trade deals

July 14, 2026 at 03:21 PM

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President Donald Trump has withdrawn his proposed 20% toll on cargo passing through the Strait of Hormuz, replacing it with trade and investment deals with Gulf states.

President Donald Trump has withdrawn his proposed 20% toll on cargo passing through the Strait of Hormuz, replacing it with trade and investment deals with Gulf states.

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