BREAKING: Trump's Big Hormuz Retreat; Scraps His Own 'PIRACY' Plan After Iran & Allies' Warning

By Times Of India

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US President Donald Trump in a shocking U-turn scrapped his proposed 20% United States Reimbursement Fee on cargo passing through the Strait of Hormuz. In a post on Truth Social, Trump said the decision followed productive discussions with Gulf leaders and that the fee would be replaced with large-scale trade and investment agreements benefiting both the United States and Gulf nations. The announcement comes as renewed fighting between the United States and Iran has raised concerns over the security of the Strait of Hormuz, one of the world's most important energy corridors through which roughly one-fifth of globally traded crude oil and natural gas passes during peacetime. Iran has repeatedly warned Washington against interfering in the management of the strait, while continued military exchanges have heightened fears of disruptions to global energy supplies. #DonaldTrump #StraitOfHormuz #Iran #usiranwar2026 #unitedstates Times Of India (TOI) Is The Largest Selling English Daily In

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