U. S. President Donald Trump has abandoned his proposed 20 per cent charge on cargo moving through the Strait of Hormuz, replacing it with planned trade and investment agreements with Gulf states while keeping a naval blockade on Iran in force. The reversal came a day after Trump said Washington would collect a “reimbursement fee” from vessels using the strategic waterway, a move that triggered objections over [...] The article Trump scraps Hormuz levy but tightens Iran blockade appeared first on Arabian Post .
