Trump says US will reinstate Strait of Hormuz blockade and impose 20% charge on cargo
- 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.
753 Articles
753 Articles
Is the Strait of Hormuz closed again?
In his latest "ask ian," Ian Bremmer says the Iran ceasefire has fallen apart, but the region has not yet returned to all-out war.President Trump is signaling a renewed confrontation with Iran, including a potential blockade of Iranian ports and threats of tolls on ships moving through the Strait of Hormuz. Ian says the US can apply pressure, but it cannot make the strait safe by declaration alone.Iran does not need to fully close the strait to …
Iran says oil exports continue despite cancellation of US waivers
Trump is trapped and has 'no way' out
Iran has successfully throttled the Strait of Hormuz for months now, over the course of which President Donald Trump has declared the vital waterway “open” or otherwise controlled by the U.S. “on at least two dozen occasions.” But regardless of his claims, Trump is now in an “intractable situation” from which he has “no way” out. This is according to journalist Judd Legum, who on Tuesday explained precisely why Trump finds himself between a rock…
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
With the new attacks between the U.S. and Iran, they 'remove' the possibility of a peace agreement between the two.
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