Trump scraps threat of 20% fee on Hormuz cargo as US prepares to resume blockade of Iran ports

In a surprising turn of events, President Trump has abandoned the recently announced 20% fee on cargo ships traversing the Strait of Hormuz, reversing a 24-hour-old threat. This move comes amid escalating tensions as the US plans to resume its blockade of Iranian ports. The decision to drop the fee, despite the ongoing efforts to undermine Iran's control of the vital waterway, suggests a shift in strategy. This development is significant as it reflects the complex and often unpredictable nature of US-Iran relations, which have major implications for global trade and regional security.