world

Trump scraps threat of 20% fee on Hormuz cargo as US prepares to resume blockade of Iran ports

BBC News·July 14, 2026
Trump scraps threat of 20% fee on Hormuz cargo as US prepares to resume blockade of Iran ports

President Trump has abandoned his threat to impose a 20% fee on cargo ships passing through the Strait of Hormuz. The decision comes just 24 hours after the vow was made, as the US prepares to resume its blockade of Iranian ports. The US is seeking to weaken Iran's control over the strategic waterway, a key shipping route for global oil supplies. The move is part of ongoing efforts by the US to exert pressure on Iran and restrict its influence in the region.

✦ AI-generated summary

More from World