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Trump drops 20% cargo fee in Strait of Hormuz, pushes Gulf investment deals

Name: Trump drops 20% cargo fee in Strait of Hormuz, pushes Gulf investment deals
Uploaded: 2026-07-14T11:08:00-0400
Duration: 3 min 36 s
Description: President Trump dropped his plan for a 20% toll on cargo passing through the Strait of Hormuz, saying he "decided to replace" the fee with investment deals with Gulf nations. CBS News' Aaron Navarro breaks down the latest details.

President Trump dropped his plan for a 20% toll on cargo passing through the Strait of Hormuz, saying he "decided to replace" the fee with investment deals with Gulf nations. CBS News' Aaron Navarro breaks down the latest details.