CAIRO — President Donald Trump stepped back Tuesday from a proposal to charge a 20% transit fee to guard the vital Strait of Hormuz waterway as part of the conflict with Iran, saying he would instead seek investment deals with Gulf States.
A vessel is seen Tuesday from Musandam, Oman, in the Strait of Hormuz.
REUTERS
President Donald Trump calls out to the reporters Tuesday as he greets Iraqi Prime Minister Ali al-Zaidi outside the West Wing at the White House in Washington.
Evan Vucci, REUTERS
An aircraft prepares to land aboard the USS George H.W. Bush at an unknown location in this still image taken from a handout video released July 14, 2026.
U.S. Central Command
Flight operations are seen aboard the USS George H.W. Bush at an unknown location in this still image taken from a handout video released Tuesday.
U.S. Central Command
President Donald Trump, next to IndyCar series owner Roger Penske and IndyCar series driver Alex Palou, reacts Monday after being given a personalized racing helmet during a Freedom 250 Grand Prix Showcase at the White House in Washington.
Whether it was caregiving responsibilities, feeling discouraged after a long stretch of unemployment or the realization they’re sitting on a p…
An aircraft prepares to land aboard the USS George H.W. Bush at an unknown location in this still image taken from a handout video released July 14, 2026.
President Donald Trump calls out to the reporters Tuesday as he greets Iraqi Prime Minister Ali al-Zaidi outside the West Wing at the White House in Washington.
President Donald Trump, next to IndyCar series owner Roger Penske and IndyCar series driver Alex Palou, reacts Monday after being given a personalized racing helmet during a Freedom 250 Grand Prix Showcase at the White House in Washington.
