Middle East War: Donald Trump drops plans to impose tax on Strait of Hormuz amid Iran crisis

Donald Trump has been forced to drop plans of imposing a 20 percent toll on cargo ships passing through the Strait of Hormuz.

Courtesy: Image X @MarioNawfal
Ajeyo Basu
Last Updated : Tuesday, 14 July 2026
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Washington: US President Donald Trump is currently making headlines for tough decisions amidst escalating tensions with Iran. However, he has been forced to drop plans of imposing a 20 percent toll on cargo ships passing through the Strait of Hormuz and threatening a blockade. 

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