Trump Drops Proposed 20% Strait Transit Fee
U.S. President Donald Trump has reportedly withdrawn the proposed 20% security transit fee for commercial vessels passing through the Strait of Hormuz.
The reported decision follows growing criticism after the International Maritime Organization (IMO) said there was no legal basis for mandatory transit charges in international waterways, while several international partners also voiced opposition to the proposal.
The move marks a significant policy reversal amid heightened tensions over maritime security in the region.