Trump scraps threat of 20% fee on Hormuz cargo
Global News Podcast
BBC
4.3 • 8.3K Ratings
🗓️ 15 July 2026
⏱️ 28 minutes
🧾️ Download transcript
Summary
Donald Trump says he's no longer planning to charge ships for using the Strait of Hormuz, as the US battles to break Iran's hold on the waterway. Trump said the toll would be replaced by "massive" trade and investment deals with Gulf states. Also: US banks are making huge profits despite rising inflation. US Immigration and Customs Enforcement (ICE) agents have been told to halt most vehicle stops nationwide immediately, following a pair of fatal shootings in Texas and Maine involving ICE agents. Another record-breaking heatwave has hit parts of Canada and the US, bringing extreme temperatures and poor air quality. At the FIFA World Cup, Spain have beaten France to secure a place in the final. A 67-million-year-old Tyrannosaurus Rex has become the most expensive dinosaur fossil ever.
The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight. Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment. Get in touch: globalpodcast@bbc.co.uk Photo: A ship using the Strait of Hormuz Credit: Reuters
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, podcasts. |
| 0:05.6 | This is the Global News Podcast from the BBC World Service. |
| 0:12.6 | I'm Charlotte Gallagher, and in the early hours of Wednesday, the 15th of July, these are our main stories. |
| 0:19.6 | President Trump scraps the threat of 20% tolls on ships |
| 0:23.9 | using the Strait of Hormuz. U.S. immigration enforcement agents have been told to halt |
| 0:29.8 | vehicle stops after two fatal shootings at their hands in the past week and a record-breaking |
| 0:36.6 | heat wave in the US. |
| 0:40.9 | Also in this podcast, Spain beats France in their World Cup semi-final. |
| 0:49.2 | On Monday, President Trump declared the US was the guardian of the Strait of Hormuz and announced |
| 0:56.2 | plans to charge ships millions of dollars to pass through the waterway. But after pressure |
| 1:02.2 | from Gulf nations, Donald Trump has now gone back on that threat. Instead, the president says he'll |
| 1:07.9 | sign massive trade and investment deals with those nations. |
| 1:12.4 | So when I put that out yesterday, because we've been doing that for many, many years, |
| 1:17.0 | it was never fair to me that we would be guarding the strait when we basically don't take |
| 1:21.6 | anything. We don't need the oil at all. And it wasn't important for us, but it was important |
| 1:27.2 | for allies. It was important for allies. |
| 1:27.9 | It was important for people that we get along with very well, including the major Gulf |
| 1:33.5 | state countries. |
| 1:34.9 | So I put it out yesterday. |
| 1:36.5 | I thought it was good. |
| 1:37.8 | I was called by different people, different countries, kings and Amirs and all of the people that we all know and we all love. And they've |
| 1:47.1 | been frankly, they've been very strong partners. And they said, we'd love to do it a different way. |
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