Iran blockade reinstated, US to charge 20% on Strait of Hormuz cargo: Trump
President Donald Trump announced that the U.S. will reinstate a blockade of Iranian shipping in the Strait of Hormuz and impose a 20% fee on cargo transits. Iran has rejected the move, and international shipping agencies have questioned the legal basis for such tolls.
Why it matters
This escalation threatens global oil supply chains and increases geopolitical tensions in the Middle East.
"We're going to be reimbursed, because the other nations are very wealthy. They're on our side, and we can't be expected to do that for nothing," Trump said earlier in a phone interview on Fox News.
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, on Jul 8, 2026. (File photo: Reuters)
WASHINGTON: US President Donald Trump said on Monday (Jul 13) the United States was reinstating its blockade of Iran ian shipping in the Gulf and would ensure the Strait of Hormuz stays open - for a fee - after the two sides exchanged more missile and drone attacks .
The latest hostilities followed an announcement by Iran at the weekend that it was closing the strait , and cast further doubt on the viability of an interim deal to halt the war and drove oil prices higher .
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