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The Nexus
SECURITYJul 13 · 15:16 UTCBUSINESS INSIDERBrent D. Griffiths ([email protected])

Trump demands shipping vessels pay 20% if they want to get through the Strait of Hormuz

Trump announced the US will impose a 20% fee on cargo shipped through the Strait of Hormuz to fund a renewed blockade, claiming it is necessary for safety and security. The policy aims to target Iran's shipping activities, with Trump asserting the US will act as the 'guardian' of the strait. The move has contributed to rising oil prices and a breakdown in a tenuous US-Iran ceasefire.

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Donald TrumppersonStrait of HormuzplaceU.S.organizationIranorganization20% feetopicBlockadetopicoil pricestopicU.S.-Iran conflicttopic
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