Source: International Business Times
Oil is giving up gains after Trump said he would scrap the plan to charge for passage through the Strait of Hormuz. Mario Tama/Getty Images Oil is giving up gains after President Donald Trump said he would scrap the plan to charge for passage through the Strait of Hormuz. "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States," Trump said in a social media post.
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