Trump backs down on Strait of Hormuz toll | ABC NEWS

US President Donald Trump has reneged on his plan to charge a 20% fee on shipping in the Strait of Hormuz, a day after saying he would introduce it.

The backflip coincides with the US saying its naval blockade of Iran has come into effect, preventing maritime traffic from leaving or entering Iranian ports.

It comes as the US carries out its fourth night of strikes on cities in southern Iran, aimed at knocking out Iran's ability to attack commercial shipping in the Strait of Hormuz.

Meanwhile, Iran's deputy foreign minister confirmed Tehran considered the Memorandum of Understanding signed with the United States last month to have been effectively "dismantled" due to the latest violence.

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