Tue, Jul 14 04:25 PM

Oil prices off highs after Trump abandons 20% protection fee on Strait of Hormuz traffic

CNBC•Tue, Jul 14, 2026, 04:11 PM•2 min read

Oil prices rose on Tuesday after U. S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.

Source: [CNBC](https://www.cnbc.com/2026/07/14/oil-prices-today-brent-wti-hormuz-trump-toll-iran.html)

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