Trump rescinds 20% fee for Hormuz transits, replaces with US investments by Gulf states

🇺🇸 Hellenic Shipping News (US) —

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US President Donald Trump announced the rescinding of a proposed 20% reimbursement fee on shipments through the Strait of Hormuz, replacing it with investment agreements with Gulf states. This shift reflects a strategic adjustment in trade and investment policies affecting regional energy transportation.

The US will not charge a 20% reimbursement fee for all volumes transiting the Strait of Hormuz but will instead make trade and investment deals with Middle East nations, US President Donald Trump said in a social media post on Tuesday. The post came a day after Trump suggested the 20% reimbursement fee in a ...

World Politics Markets Deals Commodities Energy US President Donald Trump Strait of Hormuz investment deals Gulf states shipping fees trade policy

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