Donald Trump has reversed his proposed 20% cargo toll on commercial vessels transiting the Strait of Hormuz, replacing …
From @earnyourleisure on Instagram — 1.6M followers · See full profile →
Donald Trump has reversed his proposed 20% cargo toll on commercial vessels transiting the Strait of Hormuz, replacing it with trade and investment deals from Gulf states. Trump had initially announced that the U.S. military would act as guardian of the strait and levy a 20% security fee on passing cargo to cover protection costs. The reversal followed legal concerns over international maritime law prohibiting tolls on open straits, internal pushback, and condemnation from global logistics…
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