The Hill
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Trump backs away from 20% Hormuz toll proposal
Posted
July 14, 2026
Views
1,043
Likes
20
Comments
10
Engagement
2.88%
July 14, 2026
1,043
20
10
2.88%
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5:21Now PlayingPresident Trump announced on Tuesday that he would scrap his proposal yesterday for a 20 percent tolling fee on cargo transiting the Strait of Hormuz, and would instead pursue trade and investment deals with Gulf states.
Trump made the pitch a day ago as part of efforts to unlock commercial shipping through the crucial waterway.
#trump #hormuz #iran #politics #war
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