By R Anil Kumar New York/ Bengaluru, July 13, 2026. As both Washington and Tehran claim to control the critical commercial shipping route through the narrow Strait of Hormuz, UN agencies on Monday, July 13, called for de-escalation amid the recent spik…
Trump backs off plan to charge ‘security fee’ for Hormuz transits
The president announced the about-face in a post on his social media platform, saying the US would instead be reimbursed for providing naval security in the region via trade deals with Gulf states.
Container shipping faces huge costs linked to US’ Hormuz ‘security fee’
President Donald Trump provided no details on how the proposed 20% charge — the legality of which is already being questioned — would be assessed, implemented or collected.
Israel and Lebanon Meet to Advance Peace Talks, as Broader Truce Unravels
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How the late Father Emir transformed Qatar’s economy
How the late Father Emir transformed Qatar’s economy
Peace in Ukraine unlikely to be reached soon and he expected Russia to extend the conflict, Polish PM says
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Shippers say Strait of Hormuz fee would open “dangerous Pandora’s Box”
Industry insiders say “there is no legal basis” for Trump to impose a 20% fee on cargo transiting the Strait of Hormuz, something he now says he’s decided not to do.