Trump reverses threat of 20% fee on Strait of Hormuz cargo as US prepares to resume Iran ports blockade

Donald Trump reverses his threat for a toll on ships in the Strait of Hormuz, as the US prepares to resume its blockade of Iran's ports On Monday, the US president said he would impose a 20% charge on all cargo shipped through the key oil shipping route The toll will be replaced with "trade and investment deals" with Gulf states, he now writes on Truth Social Earlier, Iranian state media reported that explosions were heard near two Iranian port cities, Bandar Abbas and Bushehr - here's where they are on a map It followed another night of strikes between the US and Iran, with Iran's Islamic Revolutionary Guard Corps saying it hit two UAE tankers in the Strait of Hormuz - the UN's maritime agency says at least two seafarers were killed The US military said it completed strikes on targets overnight aimed at degrading "Iran's ability to attack commercial shipping" President Donald Trump has abandoned his threat of a 20% fee on cargo passing through the Strait of Hormuz, saying it will instead be replaced by trade deals with Gulf states. Speaking in the White House, Trump said his decision was made after calls from those countries, adding he doesn't "like the concept of a fee". That cam