Trump drops a 24-hour-old vow to charge cargo ships for using the Strait as the US continues its battle to break Iran's hold on the waterway.

The U.S. launched strikes on Iran hours after President Donald Trump vowed to reinstate an American blockade of Iranian ports and charge ships for safe passage through the Strait of Hormuz

India, July 15 -- US-Israel-Iran War Latest News: The United States has intensified its military and economic pressure on Iran by reinstating a naval blockade targeting ships travelling to and from Iranian ports,

As the U.S. restarts its Iran blockade and carries out more strikes, President Trump has called off a planned 20% fee on shipping through the Strait of Hormuz.

Iran said it launched missiles and drones against U.S. military sites.

The U.S.-Iran ceasefire is on the verge of collapse, and with it any prospect of restoring normal traffic through the Strait of Hormuz. Even if the agreement holds, transit fees, sea mines, billions in infrastructure damage,

The deal stopping hostilities is over “in no uncertain terms,” Trump said Friday.

"Ultimately, both sides need a deal soon given domestic vulnerabilities: looming U.S. midterms, Iran's economic and political fragilities."