Trump says US will reinstate Strait of Hormuz blockade and impose 20% charge on cargo
Trump said the U.S. will charge ships 20% for security as Iran’s closure of the waterway threatens global oil and gas flows.
- 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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518 Articles
Trump reinstates US blockade in Strait of Hormuz, proposes cargo fee as Iran tensions rise
Iran, which claims jurisdiction over the strategic waterway, rejected US intervention while arguing that any country ensuring safe passage through the strait deserves compensation
Trump says U.S. 'taking over' strait as Iran war reignites
The U.S. is striking Iran for the third consecutive night and Iran said it fired a missile at a U.S. Navy ship. The attacks come after President Trump told Congress that the U.S. and Iran have resumed fighting. He also said the U.S. will blockade Iran and the Strait of Hormuz and impose a 20% tax on ships, a move his administration denounced when Iran proposed a similar tax. Liz Landers reports.
Earlier, Donald Trump announced that his government will re-establish the naval blockade of the ports of Tehran and charge a 20% charge on all cargo transported
US Launches New Strikes On Iran Hours After Trump Announces 20% Cargo Fee For Strait Of Hormuz Passage
The US launched fresh strikes on Iran as Trump reinstated a blockade of the Strait of Hormuz and said that Washington would charge ships 20% of cargo value for protection, drawing condemnation from Iran and market volatility.
President of the United States announced the application of fees to goods passing through Ormuz and the intention to destroy Iranian nuclear facilities. Trump further devalued the memorandum of understanding.
DUBAI, United Arab Emirates (AP) — The United States announced a new round of attacks against Iran on Monday, hours after President Donald Trump said Washington is “re-establishing” a blockade on Tehran in the Strait of Hormuz…
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