local
Trump backs away from plans to charge fees in the Strait of Hormuz as attacks intensify
By ABC at KSTP 5 Eyewitness News (ABC)
· July 14, 2026
· 1 min read
DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump on Tuesday announced a reversal of plans to charge a 20% toll on cargo going through the Strait of Hormuz, saying that Middle Eastern countries will instead make investment and trade deals with the U.S.
“Based on highly productive con...
Key takeaway President Donald Trump on Tuesday announced a reversal of plans to charge a 20% toll on cargo going through the Strait of Hormuz, saying that Middle Eastern countries will instead make investment and trade deals with the U.
Why this matters in The Minneapolis
For Minneapolis businesses that rely on international trade, the escalating conflict in the Middle East and the Strait of Hormuz has significant implications. As a major hub for companies involved in global commerce, the Twin Cities area is vulnerable to disruptions in the global supply chain. The potential for increased oil and gas prices, as well as rising costs for other goods, could have a ripple effect on local industries such as manufacturing and agriculture. Minneapolis-based companies that import or export goods may need to reassess their logistics and pricing strategies in response to the growing uncertainty in the region. Additionally, the city's diverse community, which includes many individuals with ties to the Middle East, may also be impacted by the ongoing conflict, making it a concern for local community leaders and organizations.
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: 1 min
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Frequently asked about this story
What is this story about? DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump on Tuesday announced a reversal of plans to charge a 20% toll on cargo going through the Strait of Hormuz, saying that Middle Eastern countries will instead make investment and trade deals with the U.S.
“Based on highly productive con...
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 .
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