Trump says US will reinstate Strait of Hormuz blockade and impose 20% charge on cargo
Trump said the move would keep the waterway open for other nations while the U.S. collects a 20% toll on cargo to cover 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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Trump resumes blockade of Iran’s ports amid clashes in Hormuz
WASHINGTON/TEHRAN/DUBAI - US President Donald Trump on Monday declared a resumption of the American blockade on Iranian ports, vowing to keep the Strait of Hormuz open, and saying Washington would be “reimbursed” for doing so to the tune of 20 percent on all cargo traversing the passageway.
President Trump ordered the U.S. military to re-establish a naval blockade against Iran.
Trump Imposes 20% Toll on Strait of Hormuz Cargo Shipments
President Donald Trump announced Monday that the United States will impose a 20% fee on all cargo shipped through the Strait of Hormuz and reimpose its naval blockade of Iranian ports near the waterway, a dramatic escalation that sent oil prices higher and stock indexes lower within hours. Trump made the announcement on Truth Social, declaring the U.S. "THE GUARDIAN OF THE HORMUZ STRAIT" and stating that the toll collection process would "begin …
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
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