Donald Trump scrapped his 20% cargo fee through the Strait of Hormuz just days after vowing strikes on Iranian targets. US warplanes carried out fresh overnight airstrikes on Iran while Tehran vowed to block key shipping lanes. Trump also ordered ICE to maintain traffic stops events after two men were shot in recent raids. Iran’s latest threats to close trade routes come fast on the heels of last week’s attacks and shaking nerves near the Strait itself. The quick turnaround on the levy comes after rising criticism over its regional fallout and possible trade slowdowns.