US President Donald Trump announced that he has abandoned his plan to impose a 20% fee on cargo transiting the Strait of Hormuz.
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President Trump Abandons Proposed 20% Fee on Strait of Hormuz Cargo
President Donald Trump has decided not to proceed with a proposed 20% fee on cargo passing through the Strait of Hormuz. This announcement was made on July 14, 2026.
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Original Headline
US President Trump drops 20% Strait of Hormuz fee plan
Neutral Headline
President Trump Abandons Proposed 20% Fee on Strait of Hormuz Cargo