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Live updates: Trump drops Strait of Hormuz toll in favor of investment; Kagan, Barrett spell out justices’ security issues

By The Hill · 2026-07-14
Live updates: Trump drops Strait of Hormuz toll in favor of investment; Kagan, Barrett spell out justices’ security issues

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Why it matters: The U.S. maintains pressure on Iran through blockade despite scrapping the toll, keeping oil routes tense. With 80% of Americans anticipating prolonged war, the shift to diplomacy via investment doesn't reduce immediate military risk — it reframes it. Stakeholders in Gulf trade face uncertainty as policy swings from fees to deals without reducing strikes.

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