- Trump canceled Hormuz toll and chose investment from Gulf countries.
- Gulf countries proposed investment in America instead of toll.
- Ships belonging to Iran are not allowed to enter Hormuz.
America US President Donald Trump on Tuesday (July 14, 2026) withdrew the decision to impose a 20 percent ‘Hormuz Toll’ on cargo ships passing through the Strait of Hormuz. Instead, Trump has now decided to make big agreements related to trade and investment with the countries included in the Gulf Cooperation Council.
He announced this during a press conference with the Prime Minister of Iraq at the White House. Trump said that no one should be charged for passing through Hormuz. At the same time, a day earlier on Monday (July 13, 2026), US President Donald Trump had said that America will impose 20 percent toll (fee) on ships passing through the Strait of Hormuz.
However, Trump said that Gulf countries contacted him regarding this matter and said that they would prefer to invest in America instead.
securing hormuz US Investment coming into India is welcome – Trump
us President donald trump Regarding the talks with Gulf countries on the issue of Hormuz toll, he said, ‘They said that we would prefer to do it in a different way. We would like to invest billions of dollars in America. I don’t like the idea of charging fees.
He further said, ‘If America invests in return for protecting the Strait of Hormuz, we welcome it.’
What did the US President announce regarding Iran??
During this time, the US President also made an announcement regarding taking strict action against all ships belonging to Iran in the Strait of Hormuz. He said that any ship carrying Iranian goods and coming and going from any port of Iran will not be allowed to enter the Strait of Hormuz.
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