U.S. President Donald Trump has withdrawn his proposal to impose a 20% protection fee on commercial cargo passing through the Strait of Hormuz, saying that investment commitments from Gulf states would provide greater long-term benefits to the United States. The announcement came just one day after the proposal drew attention from the international maritime industry.

According to Trump, discussions with leaders from Gulf countries resulted in agreements to increase investments in the U.S. economy, leading his administration to abandon the planned transit charge. While no specific investment figures or formal agreements were immediately released, he described the arrangement as more beneficial than collecting fees from commercial shipping.

The proposed fee had raised concerns within the maritime sector because the Strait of Hormuz is one of the world\'s most important shipping routes, carrying a significant share of global oil and liquefied natural gas exports. Industry observers noted that any additional charges on vessel transits could have affected shipping costs and global trade.

Despite dropping the fee proposal, the United States said it would continue measures related to its maritime security operations in the region. Reports indicate that restrictions targeting vessels connected to Iranian ports or cargo remain in place as tensions in the area continue.

The policy change follows ongoing security concerns in the Strait of Hormuz, where geopolitical developments continue to influence international shipping. Maritime stakeholders are expected to closely monitor further announcements as regional tensions and security measures evolve.