What to know about the Iran war as Trump changes course on 20% fee for Strait of Hormuz cargo

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President Trump reversed his Monday proclamation concerning a 20% fee for cargo moving through the Strait of Hormuz. On Tuesday, Trump stated that no one should be able to charge a fee for the Strait of Hormuz. This decision marks a direct change in course regarding the financial requirements for cargo transit in the region. The reversal follows reports from CBS News and Reuters detailing the shift in the administration's approach to the strategic waterway.
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