Trump scraps threat of 20% fee on Hormuz cargo as US resumes blockade of Iran ports

Per BBC News, President Trump has scrapped a threat to charge a twenty-percent fee on shipments through the Strait of Hormuz, backing away from the proposal within a day of announcing it. The move comes amid a U.S. blockade of Iranian ports, intended to constrain Iran's influence over this strategically vital global shipping channel.

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