RNZ·4 min read·medium
Donald Trump backs down on 20 percent fee to guard Strait of Hormuz
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RNZ | Te Reo Irirangi o Aotearoa✦AI Summary
President Donald Trump has abandoned a proposed 20 percent fee on shipping through the Strait of Hormuz, opting instead to pursue trade and investment deals with Gulf states. This decision follows heightened military tensions in the region, including Iranian missile attacks on US-linked bases.
United States President Donald Trump stepped back from a proposal to charge a 20 percent fee to guard the Strait of Hormuz as part of the conflict with Iran, saying he would instead seek investment deals with Gulf states.
politicsworldeconomy
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