Trump reverses threat of 20% fee on Strait of Hormuz cargo as US prepares to resume Iran ports blockade
The US president says the planned levy will be replaced by trade and investment deals with various Gulf states.
Trump says US to reinstate naval blockade as dispute over Strait of Hormuz escalates - as it happened
U.S. and Iranian forces exchanged missile and drone attacks on Monday and clashed over control of the Strait of Hormuz, as Trump said the U.S. would be reimbursed 20% on all cargo shipped through the Strait of Hormuz.
Iran retaliates after fourth night of US strikes
Iran said it launched missiles and drones against U.S. military sites.
Trump threatens Iran with more bombing as US missile stockpiles decline, the Strait of Hormuz slams shut, and there’s no endgame in sight
President Donald Trump on the new Air Force One while in flight from RAF Mildenhall AFB in the U.K. to Joint Base Andrews on July 8, 2026. © Photo by Win McNamee/