Trump backs away from plans to charge fees in the Strait of Hormuz as attacks intensify
Trump says Gulf states will make massive U.S. investments after he abandons the transit fee, reversing course within 24 hours.
- On Tuesday, July 14, 2026, President Donald Trump withdrew his proposal to charge a 20% toll on cargo transiting the Strait of Hormuz, announcing instead that Gulf states would make trade and investment deals with the United States.
- Following 'highly productive conversations with Middle East leadership,' Gulf states urged Trump to 'do it a different way' with financial commitments rather than a fee, prompting the administration to abandon the toll proposal.
- The United Kingdom and International Maritime Organization had opposed the toll, stating there is 'no legal basis' under international law for mandatory fees on ships transiting straits used for international navigation.
- Iranian Foreign Minister Seyed Abbas Araghchi mocked the proposal as '20% is of course too much,' while reasserting Tehran's claim as the sole 'guardian' of the Strait of Hormuz.
- Nearly 20% of global energy supplies transit the Strait of Hormuz, and ongoing regional volatility threatens to raise freight rates, insurance premiums, and international trade costs for energy-importing economies.
389 Articles
389 Articles
Trump Replaces Strait of Hormuz Cargo Fee With Gulf Investment Deals
President Donald Trump has dropped a proposal to charge a 20% fee on cargo passing through the Strait of Hormuz. The plan had been presented as a way to recover some of the cost of protecting the strategically important shipping route. CNN reported that Trump announced the change after discussions with leaders from Gulf countries. He said the United States would pursue trade and investment agreements instead of collecting the proposed shipping c…
New raid and stop at Iranian ports and ships. "Now commercial agreements with the Gulf"
They say that the practice makes the master, but there must be some exceptions.President Trump, without going any further, does not seem to have learned any strategy in the five long years that he has held the position of commander-in-chief of the most powerful army on earth.The last of his occurrences—well it is true that life as short as most of the previous ones—has been to try to charge the shipping companies no less than 20% of the value of…
The Race Against Time to Convince Trump to Abandon His Plan to Impose a Toll in the Strait of Hormuz
By Adam Cancryn, Kevin Liptak and Kaitlan Collins, CNN U.S. President Donald Trump surprised his Persian Gulf allies and many of his own advisors with his plan to impose a toll on the Strait of Ormuz, which triggered a diplomatic race to convince him to turn back, revealed The post The race counterclockwise to convince Trump to abandon his plan to impose a toll on the Strait of Ormuz appeared first on KVIA.
Trump's Hormuz Toll Gamble Ends Quickly: 20% Fee Abandoned After Single Day in Power Play
President Donald Trump has abandoned his proposal for a 20 per cent toll on cargo transiting the Strait of Hormuz, reversing the plan just one day after it was unveiled. The decision followed appeals from Gulf allies and substitutes the fee with commitments to expanded trade and investment deals from the region. Trump Announces Toll Plan To Cover Security Costs On Monday the president posted on Truth Social that the United States would hencefort…
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