Trump drops 20% Hormuz cargo fee
U.S. President Donald Trump abandoned his proposal to impose a 20% fee on all cargo passing through the Strait of Hormuz, saying the plan would instead be replaced by trade and investment agreements with Gulf states.
July 15, 2026 (MLN): U.S. President Donald Trump abandoned his proposal to impose a 20% fee on all cargo passing through the Strait of Hormuz, saying the plan would instead be replaced by trade and investment agreements with Gulf states. The decision came just a day after Trump declared the proposed 20% charge on shipments using the strategic waterway. In a post on Truth Social, Trump said the change followed what h...