In a surprise move, former President Donald Trump has seemingly reversed his stance on imposing a 20% toll on ships passing through the strategic Strait of Hormuz, a key waterway connecting the Middle East to global markets. The proposal had sparked concerns among regional allies and industry experts, who feared it could lead to a significant escalation of tensions with Iran. Trump's decision to back down comes as he continues to make a push for increased US investment in the region, with a focus on energy and infrastructure development. The move is seen as a bid to strengthen ties with Gulf states and counterbalance Iran's growing influence in the area.
Trump backs off 20% toll on ships in Strait of Hormuz, pushes US investments New York Post
