Quartz·1 min read·easy
Trump drops his Strait of Hormuz shipping fee. The Iran blockade is still on
✦AI Summary
President Trump reversed a decision to impose a shipping fee on the Strait of Hormuz just one day after its announcement. The administration cited new investment pledges from Gulf states as the reason for the cancellation, though the broader Iranian blockade remains in effect.
The president scrapped the toll one day after announcing it, citing investment pledges from Gulf states. He offered no further details
politicsworldeconomy
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