Trump backtracks on Hormuz 20% toll demand

President Trump has reversed his controversial plan to impose a 20% toll on ships passing through the Strait of Hormuz, opting instead for significant investments from Gulf states in the U.S. This shift follows international backlash, including a UN maritime agency ruling that the toll was illegal. Initially, Trump's proposal mirrored Iran's long-standing demand for fees in the strait, causing alarm among U.S. allies and complicating regional security dynamics. The decision underscores the delicate balance between national security interests and international law.