Trump backtracks on Hormuz 20% toll demand
Axios · 14 Jul 2026

Trump backtracks on Hormuz 20% toll demand

President Trump on Tuesday walked back his demand for collecting a 20% toll from ships that transit through the Strait of Hormuz — and instead said Gulf states would make major investments in the U.S.Why it matters: Trump's Hormuz fee announcement on Monday was deemed illegal by the UN maritime agen


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