local
Trump drops planned Strait of Hormuz toll in favor of Gulf trade deals
By AP via Scripps News Group at NewsChannel 5 WTVF (CBS affiliate)
· 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 Nashville
Nashville 's economy, heavily reliant on transportation and logistics, could feel the ripple effects of the conflict in the Strait of Hormuz. With a significant portion of the world's crude oil and natural gas passing through the strait, any disruption to the waterway can lead to increased fuel costs, which in turn can impact the city's trucking and shipping industries. This could have a trickle-down effect on local businesses, particularly those in the manufacturing and agriculture sectors, which rely on affordable fuel and fertilizer. As the situation continues to unfold, Nashville residents and business owners will be watching closely to see how the conflict affects the global economy and, subsequently, their own livelihoods. The city's proximity to major transportation hubs, including the Cumberland River and Interstate 40, makes it a critical link in the national supply chain, amplifying the potential impact of any disruption to global trade.
About this story
Original reporting by NewsChannel 5 WTVF (CBS affiliate) . The Nashville 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 NewsChannel 5 WTVF (CBS affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 14, 2026 ·
Source: NewsChannel 5 WTVF (CBS affiliate) ·
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 NewsChannel 5 WTVF (CBS affiliate) and curated for The Nashville readers.
Who reported this story? This story was reported by AP via Scripps News Group at NewsChannel 5 WTVF (CBS affiliate). To learn more about how The Nashville selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Nashville, or browse our daily briefing and topic hubs .
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