Trump Drops Strait of Hormuz Fee Plan, Turns to Gulf Investment Deals
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LN24 / 3 hours
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U.S. President Donald Trump has abandoned his proposal to impose a 20% transit fee on ships passing through the Strait of Hormuz, announcing instead that the United States will pursue trade and investment agreements with Gulf nations as compensation for Washington’s role in securing one of the world’s most strategically important maritime routes. The policy […]