Trump withdraws planned 20% levy on Hormuz ships; attacks intensify

In a surprising move, the U.S. has called off its planned 20% levy on ships passing through the Strait of Hormuz, signaling a shift in its economic pressure tactics against Iran. Despite this, U.S. airstrikes on Iranian targets have intensified, indicating a continued aggressive stance. This decision comes as Washington pivots to encourage trade deals with Gulf countries instead. The change highlights the complex dynamics of U.S.-Iran relations and the broader implications for regional security and trade routes.