The United States has abandoned plans to impose a 20% charge on commercial cargo transiting the Strait of Hormuz, reversing a proposal unveiled less than 24 hours earlier.
President Donald Trump announced the shift on Tuesday, stating that new investment deals in the Gulf region would replace the shipping fee.
Despite scrapping the toll, the administration is pressing ahead with a naval blockade targeting Iranian trade, maintaining significant geopolitical pressure on the corridor.
The rapid reversal removes a potential direct cost shock for global energy shipments, but the continued blockade ensures that route exposure remains elevated.
Markets are likely to monitor the situation for signs of operational disruption rather than policy-driven tariffs.
The Strait of Hormuz remains a critical chokepoint for global oil and LNG flows, and any physical interference continues to pose a risk to supply chains.