Trump Abandons Strait Fee Deal | Global News

Trump’s dramatic pivot on the Strait of Hormuz: after threatening a 20% toll on all cargo to fund U.S. military protection, he’s now ditching the fee in favor of trade deals with Gulf states — all while keeping Iran off the shipping lanes. The move comes amid rising oil prices and a two-month low in tanker traffic, exposing how vital this chokepoint is — and how fragile global energy flows are when geopolitics collide. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/52e757569ed95e72