Trump scraps threat of 20% fee on Hormuz cargo as US prepares to resume blockade of Iran ports
- Posted on July 14, 2026
- By BBC News
- 0 Views
- 1 min read
President Trump reversed his recent proposal to impose a 20% tariff on vessels transiting the Strait of Hormuz, shifting focus instead toward intensifying economic pressure on Iran through expanded port blockades. The decision reflects evolving US strategy in the Persian Gulf, prioritizing military containment over direct maritime taxation. American forces continue escalating operations to challenge Iranian control over critical international shipping routes.
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