Trump cancels Strait of Hormuz transit fees
ADAdhadhu – 5 hours ago
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Amidst tensions with Iran, US President Donald Trump has withdrawn a proposal to levy a 20% fee on vessels transiting the vital Strait of Hormuz. Instead, Trump stated that efforts are underway to establish investment agreements with Gulf nations. This decision followed international criticism, with the UN's International Maritime Organization opposing any fees on international waterways. Trump indicated that some countries have expressed interest in investing in the US rather than paying transit fees.