Trump says US will reinstate Strait of Hormuz blockade and impose 20% charge on cargo
President Trump reinstates a blockade on Iranian ports and plans a 20% cargo fee for the Strait of Hormuz, citing renewed strikes and seeking reimbursement for security costs.
- On Monday, President Donald Trump announced the U.S. is reinstating a naval blockade on Iranian vessels in the Strait of Hormuz, declaring America "THE GUARDIAN OF THE HORMUZ STRAIT" and imposing a 20% security fee on all transiting cargo.
- The collapse of the June memorandum of understanding shattered the interim peace agreement, as renewed exchanges of fire between U.S. forces and Iran prompted this policy shift following failed negotiations.
- U.S. Central Command struck roughly 140 targets across Iran on Sunday, including missile and drone launch sites, degrading Iranian naval capabilities after the Islamic Revolutionary Guard Corps launched retaliatory attacks.
- Vessel traffic through the waterway declined by about 52% over July 10-12, while Brent crude oil prices jumped nearly 5% on Monday, reflecting immediate market disruption and shipping concerns.
- The International Maritime Organization warned there is "no legal basis" for mandatory transit tolls, creating enforcement hurdles as the U.S. seeks to implement the "Guardian" security model amid regional instability.
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Less than a month after the signing of the ceasefire, Iran and the US re-exchange attacks and Trump reinstated the naval blockade of Iranian trade
Trump Is Bombing Iran Again, Hormuz Toll Fantasies — EV Revolution Back On? - CleanTechnica
So, top of Google News today is that Donald Trump and crew are bombing Iran again. Then there’s the whole idea of the US controlling the Strait of Hormuz and charging a 20% toll. There’s a lot to unpack, including what this means for the electric vehicle market. First of ... [continued] The post Trump Is Bombing Iran Again, Hormuz Toll Fantasies — EV Revolution Back On? appeared first on CleanTechnica.
Downing Street Hits Out At Trump's Plan To Slap 20% Toll On Ships Using Strait Of Hormuz
Keir Starmer and Donald Trump in June.Downing Street has condemned Donald Trump’s plan to impose 20% tolls on ships using the Strait of Hormuz.The US president said the move was a “matter of fairness” because America will be responsible for keeping it open.The economically-critical waterway was closed by Iran after America and Israel began their bombing campaign against the country at the end of February.Writing on his Truth Social platform on M…
US Escalates Attacks on Iran; Trump to Restart Naval Blockade
The United States and Iran traded strikes for the third straight night, putting the fragile peace deal in jeopardy. It comes as President Donald Trump is ordering the U.S. military to take control of the Strait of Hormuz and threatening a larger fee for ships that want safe passage. NBC’s Keir Simmons reports for TODAY from Qatar.
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