Trump Drops Proposed 20% Hormuz Fee, Replaces It With Gulf Investment Deals
Low Severity
Global
Date OccurredJul 14, 202615:19 UTC
Event TypeMaritime & Logistics
SourcegCaptain
RecordedJul 14, 2026
Full Description
President Donald Trump has abandoned his proposal to charge a 20% fee on cargo moving through the Strait of Hormuz, saying the United States will instead seek trade and investment...