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CBS News

Trump drops 20% cargo fee in Strait of Hormuz, pushes Gulf investment deals

By Home - CBSNews.com
July 14, 2026 1 Min Read
Comments Off on Trump drops 20% cargo fee in Strait of Hormuz, pushes Gulf investment deals
President Trump dropped his plan for a 20% toll on cargo passing through the Strait of Hormuz, saying he "decided to replace" the fee with investment deals with Gulf nations. CBS News' Aaron Navarro breaks down the latest details.
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