Trump says US will take investment deals with Gulf states instead of fee for using Strait of Hormuz
Reuters. U.S. President Donald Trump said on Tuesday (July 14) that trade and investment deals with the Gulf states will replace the 20% fee for ships to pass through the Strait of Hormuz that he had proposed a day earlier.
"Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States," he said in a post on Truth Social.
