President Trump Scraps 20% Cargo Fee on Strait of Hormuz Traffic
President Trump has abandoned his proposal for a 20% fee on cargo transiting the Strait of Hormuz. This decision follows the recent US-Iran ceasefire, which had temporarily eased fears of supply disruptions in the region.
personPresident Trump
The tape
1 quote
“Meanwhile, Brent crude declined after President Trump scrapped his idea for a 20% fee on cargo in the strait of Hormuz.”
Ed Elson
Heard on Prof G Markets — “Why America’s Inflation Problem Isn’t Going Away”, published Wednesday, July 15, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.