U.S., China Push for Toll-Free Passage Through Strait of Hormuz
🔴 Tension RisingGlobal Trade Magazine2026-05-14
The United States and China have agreed that no nation should be permitted to impose shipping tolls in the Strait of Hormuz, signaling rare alignment between Washington and Beijing amid escalating tensions around the strategic waterway. This agreement is expected to be discussed at the upcoming meeting between President Trump and President Xi Jinping. Iran’s closure of the Strait of Hormuz has disrupted global trade flows and rattled energy markets.