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  1. President Trump backed off his proposed 20% toll on all ships passing through the Strait of Hormuz Tuesday in favor of investment in the US by Persian Gulf states.

    Trump said in a Truth Social post the reversal was “[b]ased on highly productive conversations with Middle East Leadership.”

    “Those Investments will be MASSIVE but, at the same time, extraordinarily good for them, and their future,” he added.

    https://nypost.com/2026/07/14/us-news/trump-backs-off-20-toll-on-ships-in-strait-of-hormuz/

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