Diplomatic sprint derails Trump's Strait of Hormuz toll plan
TL;DR Summary
Trump announced a 20% toll on cargo through the Strait of Hormuz, prompting a 24-hour lobbying sprint by aides and Gulf allies who warned it would raise oil prices and violate international law; after intense appeals from Saudi Arabia, the UAE, Bahrain and Qatar and warnings from advisers, he reversed course, with Gulf partners instead offering investments to the U.S., signaling a transactional approach to foreign policy amid the Iran conflict.
- Inside the 24-hour sprint to convince Trump to drop his plans to toll Strait of Hormuz CNN
- Trump Drops Plan to Charge Ships Fees in the Strait but Will Restore Blockade: Iran War Live Updates The New York Times
- Iran-linked vessels pass through Hormuz ahead of US blockade Reuters
- US reimposes its blockade on Iran after Tehran’s attacks on ships in the Strait of Hormuz AP News
- Global shipping industry sounds the alarm over Trump’s Hormuz toll plan CNBC
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