Trump drops Strait of Hormuz tolls for Gulf trade deals

Published Jul 14, 2026 • 3:50 PM

President Donald Trump on Tuesday abandoned plans to charge fees for American policing of the Strait of Hormuz in lieu of inking new trade and investment deals with Gulf states. The president, following the breakdown of the memorandum of understanding with Iran, has said that the United States will implement a blockade of Iranian-controlled shipping […]

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Google NewsOman presents Iran with Gulf-backed plan to ease Strait of Hormuz tensions - France 24about 1 month ago

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