US President Donald Trump abandons his proposal for a 20% fee on shipping through the Strait of Hormuz a day after drawing sharp criticism, saying instead that he will seek investment deals with Gulf states US President Donald Trump on Tuesday, July 14, reimposed a naval blockade of all Iranian ports and threatened to hit power plants and bridges next week unless Tehran resumes negotiations, in the latest US escalation of the conflict. The US also began... [4267 chars]
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