Trump pivots from 20 percent Strait of Hormuz fee amid Iran war escalation
- Trump backs away from fee, says regional countries will instead invest in US in return for transit protection.
- United States President Donald Trump has backed away from his claim that Washington would levy a 20 percent transit fee for vessels passing through the Strait of Hormuz.
- The reversal on Tuesday came just a day after Trump announced the 20 percent fee as fighting between the US and Iran continued to escalate.
Confirmed
- United States President Donald Trump has backed away from his claim that Washington would levy a 20 percent transit fee for vessels passing through the Strait of Hormuz.
Unverified
- Trump backs away from fee, says regional countries will instead invest in US in return for transit protection.
- The reversal on Tuesday came just a day after Trump announced the 20 percent fee as fighting between the US and Iran continued to escalate.
Sources: Al Jazeera