Trump Flip-Flops on Strait of Hormuz, Creating New Risks for Global Economy

The president now wants Gulf nations to invest in the U.S. in exchange for safe passage. Shipping industry experts worry other nations will follow that lead.A day after saying he would charge 20 percent fees to ships in exchange for U.S. military protection in the Strait of Hormuz, Mr. Trump said he wanted Gulf states to invest in the United States instead.