US President Trump drops 20% Strait of Hormuz fee plan US President Donald Trump says he has abandoned his proposed 20% fee on cargo transiting the Strait of Hormuz.Share this: Trump pivots from 20 percent Strait of Hormuz fee amid Iran war escalationDateJuly 14, 2026In relation toAl-JazeeraUS President Trump says he will declare Strait of Hormuz US territoryDateAugust 14, 2026In relation toAl-JazeeraTrump: US will ‘take over’ Strait of HormuzDateJuly 13, 2026In relation toAl-Jazeera