Live: Trump backs down from 20 per cent Strait of Hormuz toll as US blockade looms
Why This Matters
The sudden reversal by President Trump on imposing a 20 per cent toll on Strait of Hormuz traffic underscores the escalating tensions between the US and Iran, with the US Navy's blockade resuming just hours later. This development highlights the complex geopolitics at play in the region, where a single decision can have far-reaching implications for global oil markets and international relations. The move also raises questions about the US's long-term strategy in the region.
US President Donald Trump says he will not charge a 20 per cent toll on traffic in the Strait of Hormuz, just hours before the US Navy's blockade is set to resume.
Curation & Context
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