Channels Television·3 min read·medium
Trump Backtracks On Plan To Toll Hormuz Ships
E
Emmanuel Monye
✦AI Summary
Donald Trump has reversed his decision to impose a 20% reimbursement fee on ships passing through the Strait of Hormuz after consulting with Middle Eastern leaders. Instead, the administration will pursue trade and investment deals with Gulf states while maintaining a blockade on Iranian-linked cargo.
Trump said Middle Eastern leaders persuaded him to reduce the toll just a day after he announced it — and added that he was against charging any fees for the key waterway.
politicsworldeconomy
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