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Trump backs off 20% toll on ships in Strait of Hormuz, pushes US investments

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Trump backs off 20% toll on ships in Strait of Hormuz, pushes US investments
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Politics breaking Trump backs off 20% toll on ships in Strait of Hormuz, pushes US investments By Josh Christenson Published July 14, 2026, 11:26 a.m. Add The New York Post on Google President Trump on Tuesday backed off his proposed 20% toll for ships passing through the Strait of Hormuz in favor of investment deals that Persian Gulf states will ink with the US. President Trump on Tuesday backed off his proposed 20% toll for ships passing through the Strait of Hormuz.

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Politics breaking Trump backs off 20% toll on ships in Strait of Hormuz, pushes US investments By Josh Christenson Published July 14, 2026, 11:26 a.m. ET (function() { var overlay = document.getElementById("nyp-player-lcp-overlay"); if (!overlay) { return; } function hideOverlay() { overlay.remove(); } function afterDCL() { requestAnimationFrame(hideOverlay); } if (document.readyState === "loading") { document.addEventListener("DOMContentLoaded", afterDCL, { once: true }); } else { afterDCL(); } })(); See more of our coverage in your search results. Add The New York Post on Google President Trump on Tuesday backed off his proposed 20% toll for ships passing through the Strait of Hormuz in favor of investment deals that Persian Gulf states will ink with the US.

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