Trump withdraws planned 20% levy on Hormuz ships; attacks intensify
U.S. President Donald Trump withdrew plans to impose a 20% levy on ships using the Strait of Hormuz, stating Gulf nations would invest in the U.S. instead. This decision comes amid escalating tensions, with recent U.S. strikes on Iran and retaliatory Iranian attacks on shipping and American allies undermining an interim peace deal. The situation remains volatile as both sides continue military actions in the region.