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Trump nixes 20 percent Strait of Hormuz toll proposal

Politics The Hill By Filip Timotija 14 Jul 2026 15:36 1 min read
Trump nixes 20 percent Strait of Hormuz toll  proposal

President 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....

President 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....

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