CNBC Television
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Trump abandons 20% protection fee on Strait of Hormuz traffic
Posted
July 14, 2026
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10,060
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95
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July 14, 2026
10,060
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1:12Now PlayingPresident Trump backs off his proposed 20% levy on ships passing through the Strait of Hormuz, saying he will instead replace it with "trade and investment deals" that the Gulf states will be making into the U.S. CNBC's Megan Cassella has the details.
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