U.S. to impose 20% toll in Strait of Hormuz

President Donald Trump announced a U.S. naval blockade of the Strait of Hormuz with a 20% toll for ships passing through, citing safety as justification. Iran had previously threatened a similar toll, which Secretary of State Marco Rubio and the United Nations called violations of international law. Regional tensions have escalated amid conflicting statements and rising gas prices in the U.S.