Trump withdraws Hormuz tolls threat but says US will continue to blockade Iran

US hits targets in port cities of Bushehr and Bandar Abbas while Iran targets Bahrain and Jordan in retaliation Middle East crisis live – latest updatesDonald Trump has backed down from a threat that ships would have to pay a 20% fee to the US for “security” in the strait of Hormuz, replacing it with what he described as investment and trade deals with Gulf Arab states as US and Iranian airstrikes resumed for a third day.The US president said he had decided to scrap the toll “based on highly productive conversations with Middle East leadership”, and touted “massive” investments,