U.S. backs away from plans to charge fees in the Strait of Hormuz as attacks intensify

The U.S. is backing away from plans to charge fees for vessels transiting the Strait of Hormuz, as attacks in the region intensify and shipping risks grow. The decision reflects concern that a fee scheme could increase tensions, complicate coordination with partners, or be seen as adding new friction during a volatile period. Instead, Washington appears to be prioritizing direct security measures and diplomatic efforts to keep oil shipments moving through the key chokepoint. Market and shipping officials are watching closely for next steps.