Oil Settles Off Highs as Trump Drops 20% Hormuz Fee Plan - WSJ
Oil Settles Off Highs as Trump Drops 20% Hormuz Fee Plan - WSJ
Source: WSJ
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DW NOTE
Trump proposed a 20% transit fee for ships passing through Hormuz, then scrapped it within hours. Oil fell back on the reversal. The plan was never viable — you can't levy tolls on international waters during a blockade you've imposed yourself. The trial balloon popped because it was incoherent policy dressed up as leverage.