Trump Shelves 20% Fee for Hormuz Cargo Shipments

• Trump initially proposed a 20% fee on Strait of Hormuz cargo, citing unfairness in US protection without compensation.
• Gulf allies, including Saudi Arabia, UAE, Qatar, Bahrain, and Kuwait, offered 'massive investments' in the US as an alternative to the fee.
• Trump prefers the investment model over a direct fee, seeing it as mutually beneficial for economic growth and avoiding the concept of a 'fee'.

President Trump announced he is shelving his plan to impose a 20% fee on cargo shipments through the Strait of Hormuz. This decision came after Gulf allies offered to make significant investments in the US instead, which Trump views as a more beneficial arrangement, avoiding the concept of a direct fee.