Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Trump Drops Hormuz Toll Threat After Gulf Pressure
Posted
July 14, 2026
Views
11,157
Likes
253
Comments
44
Engagement
2.66%
July 14, 2026
11,157
253
44
2.66%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:21Now PlayingPresident Donald Trump backed away from his plan to impose a 20% charge on cargo shipments through the Strait of Hormuz after US allies in the Gulf urged him to drop it. #trump #iran #politics #worldnews #usa #news
Trump announced the decision, saying that the expected revenue would be replaced by forthcoming direct investments in the US from Gulf states, but did not specify a dollar amount or which countries would participate.
The reversal came after Trump spoke to representatives from Saudi Arabia, Qatar, Bahrain, Kuwait and the United Arab Emirates, who urged him to "do it a different way" with financial commitments to America.
----------
Like this video? Subscribe
Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months
Bloomberg on YouTube:
Connect with us on social:
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
