Iran US War Latest: Trump Backtracks on 20% Hormuz Toll After Announcing It The US president's decision to scrap his plan for a 20% toll on ships using the Strait of Hormuz has sparked a mix of reactions.
Relief is palpable in some quarters, while others are left confused by the sudden about face.
Trump's statement on Truth Social announcing massive trade and investment deals with Gulf states to replace the toll suggests image management may have been more important than policy adjustments.