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Markets3h 16m ago

Oil prices pared earlier gains after President Donald Trump withdrew a proposal to charge commercial vessels a 20% protection fee.

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Strait of Hormuz

Who
Donald Trump
What
Oil prices pared earlier gains after President Donald Trump withdrew a proposal to charge commercial vessels a 20% protection fee.
When
Tue, 14 Jul 2026 17:48:56 GMT · 3h 16m ago
Where
Strait of Hormuz ·
Why
President Donald Trump withdrew a proposal to charge commercial vessels a 20% protection fee.
The Frontline Impact

How this affects you

Oil prices experienced a reduction in earlier gains following the withdrawal of a proposed protection fee for commercial vessels in the Strait of Hormuz.

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