The United States has abandoned its proposal to impose a 20 percent fee on commercial cargo transiting the Strait of Hormuz, reversing a policy unveiled less than 24 hours earlier.
President Donald Trump announced the withdrawal of the charge on Tuesday, just hours before it was scheduled to take effect.
The reversal coincides with the resumption of a U.S. naval blockade against Iran, signaling a shift from financial coercion to direct military containment in the region.
The abrupt policy pivot introduces fresh uncertainty for global energy markets.
While the removal of the toll eliminates a direct cost burden for shipping lines, the reinstatement of the naval blockade heightens the risk of physical disruption to oil and gas flows.
Brent crude and natural gas prices are likely to reflect the elevated geopolitical premium as traders assess the probability of transit interruptions in the world's most critical energy chokepoint.