local
Trump backs away from plan to charge fees in the Strait of Hormuz as attacks intensify
By ABC at KSTP 5 Eyewitness News (ABC)
· July 14, 2026
· 6 min read
DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump on Tuesday backtracked on plans to charge ships for using the Strait of Hormuz, saying Gulf countries would instead invest in the United States. Another wave of U.S. strikes on Iran, and Iranian attacks on shipping and American allies...
Key takeaway President Donald Trump on Tuesday backtracked on plans to charge ships for using the Strait of Hormuz, saying Gulf countries would instead invest in the United States.
Why this matters in The Minneapolis
For Minneapolis residents, the escalating tensions in the Strait of Hormuz may seem like a distant concern, but the impact on global energy supplies and trade has local implications. As a major hub in the Midwest, Minneapolis is connected to the global economy through its transportation networks and trade relationships. The increased costs of oil and other goods resulting from the conflict could affect local businesses, particularly those in the manufacturing and agriculture sectors. Additionally, the city's proximity to major transportation routes, including the Mississippi River and interstate highways, means that any disruptions to global trade could have a ripple effect on the local economy. As the situation continues to unfold, Minneapolis businesses and residents should be aware of the potential economic implications and monitor the situation closely. The city's diverse economy and strong transportation infrastructure may help mitigate some of the effects, but the ongoing conflict remains a concern for the local community.
About this story
Original reporting by KSTP 5 Eyewitness News (ABC) . The Minneapolis surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSTP 5 Eyewitness News (ABC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 14, 2026 ·
Source: KSTP 5 Eyewitness News (ABC) ·
Reading time: 6 min
Get more The Minneapolis stories like this
Free weekly briefing covering local and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump on Tuesday backtracked on plans to charge ships for using the Strait of Hormuz, saying Gulf countries would instead invest in the United States. Another wave of U.S. strikes on Iran, and Iranian attacks on shipping and American allies...
When was this published? This article was first published on July 14, 2026 by KSTP 5 Eyewitness News (ABC) and curated for The Minneapolis readers.
Who reported this story? This story was reported by ABC at KSTP 5 Eyewitness News (ABC). To learn more about how The Minneapolis selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Minneapolis, or browse our daily briefing and topic hubs .
← Back to all news
More local →
Today’s briefing
Subscribe to newsletter