President Donald Trump has reversed his controversial plan to impose a 20% fee on commercial tankers navigating the Strait of Hormuz, following intense lobbying from Gulf allies.

The decision comes just one day after he announced the measure, which aimed to fund security for vessels passing through the critical maritime choke point under US military protection.

Gulf nations, including Saudi Arabia and the UAE, reportedly pressured Trump to abandon the proposal, instead pledging significant investments in the United States.The reversal highlights the delicate balance of power in regional geopolitics, where US foreign policy is increasingly shaped by alliances.

Analysts suggest the move reflects Trump's willingness to prioritize diplomatic relations over unilateral economic measures, despite the potential revenue loss.

The Strait of Hormuz remains a vital artery for global oil trade, with tensions between regional powers and external actors like the US and Iran persisting.This development underscores the complex interplay between economic interests, national security, and diplomatic negotiations in the Middle East.

The White House has not yet commented on the specifics of the Gulf allies' lobbying efforts, but the swift reversal of the fee plan indicates a strategic shift in US approach to regional security and economic cooperation.