Trump backtracks on 20% Hormuz fee plan, deemed unworkable

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International Relations

14 July 2026 at 11:15 pm

Trump backtracks on 20% Hormuz fee plan, deemed unworkable

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Summary

Donald Trump has reportedly backtracked on his plan to impose a 20% fee on shipping through the Strait of Hormuz, with analysis suggesting the proposal was unworkable.

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Trump backtracks on 20% Hormuz fee plan, deemed unworkable | News Studio | News Studio