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Trump backs away from plan to charge fees in the Strait of Hormuz as attacks intensify

From apnews.com

U.S. President Donald Trump backtracked on plans to charge ships for using the Strait of Hormuz, saying Tuesday that Gulf countries would instead invest in the United States. Another wave of U.S. strikes on Iran, and Iranian attacks on shipping and American allies, left an interim peace deal in tatters. That agreement was supposed to reopen a waterway that is key to world energy supplies and give negotiators time to hammer out a permanent end to the war. Instead, fighting has once again engulfed the region, threatened the global economy and brought warnings to commercial airlines. The U.S. carried out another wave of ... (full story)

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  • Category: Fundamental Analysis