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.
425 Articles
425 Articles
President Trump reverses on Strait of Hormuz toll less than 24 hours after announcing it
President Donald Trump reversed his proposal to charge ships passing through the Strait of Hormuz, citing productive discussions with Middle East leaders, as U.S.-Iran tensions escalate.
President Trump backs away from 20% Hormuz Strait protection fee
Today’s newsletter has a reading time of 6 minutes.DAILY BIBLE VERSE“And ye shall know the truth, and the truth shall make you free.” John 8:32Help us stay up and running into 2027 as an independent news outlet. We need 1,000 new paid subscribers by the end of this year. Join our paid subscription readers today - $5 monthly or $36 annually.Keep Us IndependentPhoto credit: Akio/Getty ImagesPresident Trump has already backed away from his suggesti…
Blockades and fees: Why are the US’s actions in Hormuz legal while Iran’s are not?
Though US President Donald Trump has since abandoned the idea, he suggested that vessels should pay a 20% fee on all cargo transiting the Strait of Hormuz in exchange for US military protection.
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"
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