U.S. President Donald Trump announced that the U.S. would no longer…

U.S. President Donald Trump announced that the U.S. would no longer impose a 20% fee on ships passing through the Strait of Hormuz, opting instead for investment agreements with Gulf states, while maintaining a blockade on Iran and asserting the strait remains open for all other vessels. The decision followed a shift in strategy after Gulf leaders urged Trump to abandon the fee in favor of economic partnerships.

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