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US President Trump, on Hormuz toll change, says he was called on by countries; Gulf countries asked to do Hormuz fee in a different way

StockNow breaking-news AI analysis

Trump replaced the Hormuz 20% cargo fee with massive Gulf state investments following requests from Saudi Arabia and allies, while maintaining a naval blockade specifically against Iranian cargo.

News detail

Countries offered investments. Does not think anyone should charge a fee in the Strait. Gulf nation investment is better than a fee. Spoke to Saudi Arabia, UAE, Qatar, Bahrain, and Kuwait. Says he spoke to all.

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