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President Trump on Tuesday backed off his proposed 20% toll for ships passing through the Strait of Hormuz in favor of investment deals that Persian Gulf states will ink with the US. Trump in a Truth Social post said the decision was “[b]ased on highly productive conversations with Middle East Leadership.” Follow The Post’s live coverage of President Trump and national politics for the latest news and analysis “Those Investments will be MASSIVE but, at the same time, extraordinarily good for them, and their future,” he added. Trump also claimed that exports of oil were “flowing like never before” thanks…

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