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.
