Trump drops his 20% Hormuz toll in favour of trade deals with Gulf states
Published July 15, 2026
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US President Donald Trump has reportedly dropped his proposed 20 percent toll linked to shipping through the Strait of Hormuz and shifted his focus toward trade agreements with Gulf states. The move signals a change in Washington’s approach to Gulf security, energy routes and regional economic cooperation. Instead of c…
- Published
- July 15, 2026
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