Trump abandons Strait of Hormuz toll plan after 'calls from emirs', seeks Gulf investment

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Politics

15 July 2026 at 11:21 am

Trump abandons Strait of Hormuz toll plan after 'calls from emirs', seeks Gulf investment

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Summary

Former US President Trump has abandoned his plan to impose a 20 percent toll on cargo passing through the Strait of Hormuz. Instead, he announced he would pursue additional investment deals with Gulf states.

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