Trump says US will take investment deals with Gulf states instead of fee for using strait
SPY•Trump replaces proposed Strait of Hormuz fee with Gulf investment deals
July 14 (Reuters) - U.S. President Donald Trump said on Tuesday that trade and investment deals with the Gulf states will replace the 20% fee for ships to pass through the Strait of Hormuz that he had proposed a day earlier.
"Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States," he said in a post on Truth Social.
