POLITICS

Trump Scraps Hormuz Toll After One Day, Admits He Doesn't 'Like the Concept of a Fee'

International Business Times UK — July 14, 2026 at 10:12 PM UTC

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Trump Scraps Hormuz Toll After One Day, Admits He Doesn't 'Like the Concept of a Fee'

President Trump has reversed his decision to impose a 20% toll on vessels in the Strait of Hormuz, opting for Gulf investment deals amidst escalating US-Iran tensions.