President Donald Trump has withdrawn a proposed 20% fee on cargo passing through the Strait of Hormuz just one day after announcing it. The decision follows strong opposition from U.S. allies in the Gulf region, who warned the charge could disrupt global trade and strain diplomatic relations. The administration cited ongoing consultations with regional partners as a key factor in the reversal, emphasizing the importance of cooperation in maintaining stability in the area. The move underscores the influence of international pressure on U.S. policy decisions.
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