
Trump Backtracks on 20% Strait of Hormuz Shipping Fee, Cites ‘Massive’ Gulf Investment Commitments
US President Donald Trump has reversed his proposal to impose a 20% fee on ships transiting the Strait of Hormuz,

US President Donald Trump has reversed his proposal to impose a 20% fee on ships transiting the Strait of Hormuz,

US President Donald Trump has suggested the United States would likely take over the Strait of Hormuz to protect the

Global oil prices spiked sharply on Monday, April 13, 2026, as escalating geopolitical tensions in the Middle East rattled energy






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