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AFBytes briefing
Higher fees on oil and goods transiting the Strait of Hormuz would raise energy prices and shipping costs that flow into U.S. household budgets and fuel inflation.
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President Trump reversed his earlier decision to impose a 20 percent fee on cargo passing through the Strait of Hormuz. The policy shift comes amid ongoing tensions with Iran over regional shipping routes.
Iran announced it will begin collecting fees from vessels transiting the Strait of Hormuz after a two-month window. The move follows reported negotiations and targets a critical chokepoint for intern…
