Trump backs away from fee plan on Strait of Hormuz
- Posted on July 14, 2026
- By The Sydney Morning Herald
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- 1 min read
In brief
Former President Donald Trump has shifted his approach regarding maritime commerce through the Strait of Hormuz. Rather than implementing a controversial 20 percent tariff on cargo transit, Trump now intends to pursue strategic investment partnerships with Gulf state nations. This policy pivot suggests a more collaborative economic strategy with Middle Eastern allies while maintaining American interests in one of the world's most critical shipping corridors.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Trump backs away from fee plan on Strait of Hormuz
Donald Trump had proposed a 20 per cent fee on cargo passing through the waterway, but said he would instead seek investment deals with Gulf states.
