President Trump dropped his plan for a 20% toll on cargo passing through the Strait of Hormuz, saying he "decided to replace" the fee with investment deals with Gulf nations. CBS News' Aaron Navarro breaks down the latest details.
Us News
Trump drops 20% cargo fee in Strait of Hormuz, pushes Gulf investment deals
President Trump dropped his plan for a 20% toll on cargo passing through the Strait of Hormuz, saying he "decided to replace" the fee with investment deals with Gulf nations. CBS News' Aaron Navarro breaks down the latest details.
Published July 14, 2026, 4:22 PM
Updated July 14, 2026, 4:37 PM4.8K
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