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Vietnam Freight Costs Spike 30% on Iran War; Trump Says US Should Charge Hormuz Tolls

Trump said any deal with Iran must reopen the waterway, while U.S. officials expanded a $40 billion insurance backstop for ships using it.

Summary by WWD
"We’re paying closer to $4,500 to $5,200 and our freight forwarder is already saying that it’s likely to climb further,” said Matthew Tran, founder of footwear brand Birchbury.

4 Articles

United States President Donald Trump has hinted that his country will impose tariffs on ships passing through the Strait of Hormuz after the war with Iran ends.

U.S. President Donald Trump stated on the 6th (local time) that the United States, as the 'winner' of the war, might consider imposing tolls on the Strait of Hormuz. According to Al Jazeera, the largest news network in the Middle East and the Arab world, President Trump [at the White House] on that day

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WWD broke the news in United States on Monday, April 6, 2026.
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