BUSINESS● ELEVATEDJul 14 · Jul 14, 2026, 11:58 PM
Oil eases off day's highs after Trump nixes proposed 20% Strait of Hormuz transit fee
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Oil prices decreased from their daily peaks following a decision to cancel a proposed 20% transit fee for the Strait of Hormuz. This development indicates a reversal in a significant policy that could affect global oil trade and prices.
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