Trump reverses decision to impose 20% Hormuz fees in favour of Gulf investment deals
US President Donald Trump reversed his decision to impose a 20% fee on cargo shipping through the Strait of Hormuz, opting instead for Gulf countries to pursue investment deals with the United States. This decision comes amid ongoing military tensions in the region, as the US military continues operations following Iran's closure of the strategic waterway. The reversal reflects a shift in strategy, focusing on economic engagement rather than additional sanctions.