The Hindu·2 min read·medium
Trump withdraws planned 20% levy on Hormuz ships, calls for trade deals with Gulf countries instead
T
The Hindu Bureau
✦AI Summary
U.S. President Donald Trump has abandoned his plan to impose a 20% fee on ships passing through the Strait of Hormuz. Instead, he is pursuing trade and investment deals with Gulf nations while maintaining a blockade specifically targeting Iranian cargo.
U.S. President Donald Trump said on Tuesday (July 14, 2026) that trade and investment deals with the Gulf states will replace the 20% fee for ships to pass through the Strait of Hormuz that he had proposed a day earlier.
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