Trump reinstates Iran port blockade and vows 20% charge on cargo passing through Hormuz
President Donald Trump has announced a naval blockade of Iranian ports and a 20% cargo tax on ships passing through the Strait of Hormuz. This move follows a series of military strikes between the US and Iran, with the US declaring itself the new guardian of the waterway.
Why it matters
This escalation significantly threatens global oil supply chains and increases the risk of a major military conflict in the Middle East.
Image source, NurPhoto via Getty Images Image caption, President Donald Trump also said the US will impose a 20% charge on all Strait of Hormuz cargo
The article reports on official statements and military actions from both sides without adding editorial commentary.
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