local
Trump drops planned Strait of Hormuz toll in favor of Gulf trade deals
By AP via Scripps News Group at KXXV (ABC 25) News
· July 14, 2026
· 2 min read
President Donald Trump took a day to reverse his plans to charge a 20% toll on cargo going through the Strait of Hormuz, saying that Middle Eastern countries will instead make investment and trade deals with the U.S.Based on highly productive conversations with Middle East leadership, I have deci...
Key takeaway The president said the investments will be MASSIVE, though its unclear if these would be new commitments relative to what Trump announced after a visit last year to the Middle East.
Why this matters in The Waco
The reversal of the planned Strait of Hormuz toll may have implications for Waco 's economy, particularly in the energy sector. As a major transportation hub, Waco's businesses and residents could feel the effects of fluctuating oil prices. The city's proximity to major oil refineries and pipelines means that any disruption to global energy supplies could impact local industries. Furthermore, the potential for increased military action in the region could affect the livelihoods of Waco's military families and veterans, who make up a significant portion of the community. The city's leaders will likely be watching the situation closely, as the economic and social implications of the conflict could have far-reaching consequences for Waco's residents and businesses. The impact on local fuel prices, in particular, could be significant, and may warrant attention from city officials and economic development leaders.
About this story
Original reporting by KXXV (ABC 25) News . The Waco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KXXV (ABC 25) News . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 14, 2026 ·
Source: KXXV (ABC 25) News ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? President Donald Trump took a day to reverse his plans to charge a 20% toll on cargo going through the Strait of Hormuz, saying that Middle Eastern countries will instead make investment and trade deals with the U.S.Based on highly productive conversations with Middle East leadership, I have deci...
When was this published? This article was first published on July 14, 2026 by KXXV (ABC 25) News and curated for The Waco readers.
Who reported this story? This story was reported by AP via Scripps News Group at KXXV (ABC 25) News. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Waco, or browse our daily briefing and topic hubs .
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