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Trump Replaces Hormuz Toll Plan With Gulf Investment Deals

Washington, D.C: US President Donald Trump has announced that the proposed 20% reimbursement fee linked to shipping through the Strait of Hormuz will be replaced with trade and investment agreements involving Gulf nations. In a post, Trump said, Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% []

14 Jul 2026 10:05 pm