Axios

Trump backtracks on Hormuz 20% toll demand

Jul 14, 2026Center Left

President Trump on Tuesday walked back his demand for collecting a 20% toll from ships that transit through the Strait of Hormuz — and instead said Gulf states would make major investments in the U.S.Why it matters: Trump's Hormuz fee announcement on Monday was deemed illegal by the UN maritime agency and shocked many U.S. allies in the Gulf. It also…

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6 related stories from other outlets

NBC News

Jul 14, 2026

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Trump backs off Strait of Hormuz toll plan as cost of Iran war mounts

As the U.S. continued a fourth consecutive day of airstrikes against Iran, lawmakers pressed the Pentagon over the mounting cost of the war. NBC News’ Garrett Haake reports.

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First Thing: Trump flip-flops on Hormuz toll and threatens Iran’s civilian infrastructure

The Guardian

Jul 15, 2026

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First Thing: Trump flip-flops on Hormuz toll and threatens Iran’s civilian infrastructure

US president says power plants and bridges could be targeted, which would probably constitute war crimes. Plus, the bear that raided an elderly couple’s fridge, and a stolen cat involved in a bank robberyGood morning. Donald Trump has threatened to expand US strikes on Iran next week to target civilian infrastructure including power plants and bridges if…

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U.S. Reimposes Iranian Blockade as Trump Scraps Hormuz Toll

The Wall Street Journal

Jul 14, 2026

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U.S. Reimposes Iranian Blockade as Trump Scraps Hormuz Toll

Plus, Kevin Warsh says the Fed has ’no tolerance’ for high inflation, and the most expensive dinosaur sells for $50.1 million.

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Trump nixes 20 percent Strait of Hormuz toll proposal

The Hill

Jul 14, 2026

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Trump nixes 20 percent Strait of Hormuz toll proposal

President Trump announced on Tuesday that he would scrap his proposal yesterday for a 20 percent tolling fee on cargo transiting the Strait of Hormuz, and would instead pursue trade and investment deals with Gulf states. Trump made the pitch a day ago as part of efforts to unlock commercial shipping through the crucial waterway.…

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Trump Plans Hormuz Toll as US-Iran Truce Collapses

Bloomberg

Jul 13, 2026

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Trump Plans Hormuz Toll as US-Iran Truce Collapses

The US hit Iran with more strikes after announcing plans for a 20% fee on ships using the Strait of Hormuz. In response, Tehran attacked more oil tankers sailing through the Strait of Hormuz. (Source: Bloomberg)

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Trump’s Hormuz tolls were designed to jolt the world to attention

Washington Examiner

Jul 14, 2026

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Trump’s Hormuz tolls were designed to jolt the world to attention

President Donald Trump announced on Monday that the United States would impose a 20% toll on the value of any cargo being transported by a vessel transiting the Strait of Hormuz. Trump further announced the reintroduction of a blockade on vessels transiting Iranian ports. On Tuesday, Trump said he would replace the toll with new…

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