Trump announces 20% toll on ships in Strait of Hormuz
US President Donald Trump announced a 20% toll on ships passing through the Strait of Hormuz, citing a need to fund security in the region. The move follows an escalation in tensions and a blockade of Iranian vessels, which Tehran disputes as a violation of international law.
Why it matters
This policy shift threatens global oil supply chains and risks significant military escalation in a volatile geopolitical chokepoint.
Trump announces toll for Hormuz: US President Donald Trump said on Monday that the US is “reinstating” a blockade on Iran in the Strait of Hormuz. Not only that, Trump also announced that the US would begin charging ships for safe passage through the waterway. The announcement comes after another major exchange of fire cast fresh uncertainty over efforts to negotiate an end to the conflict.Before Iran asserted control over the Strait of Hormuz after the war began, about one-fifth of the world's oil and gas supplies moved through the strategic waterway.The latest escalation followed an Iranian attack on a container ship in the Strait of Hormuz on Sunday.
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