Trump says the U.S. will reinstate its blockade on Iran and charge a toll on ships
President Trump announced plans to reinstate a blockade on Iranian ships in the Strait of Hormuz and impose a 20% toll on cargo vessels. This move follows a series of military exchanges, escalating tensions in the region.
Why it matters
The imposition of tolls and blockades in a major global shipping lane risks significant geopolitical instability and potential military conflict.
ISTANBUL — President Trump says that the U.S. will not allow Iranian ships to move through the Strait of Hormuz.
"We are reinstating THE IRANIAN BLOCKADE, so named because it is only stopping Iran's ships or customers from entering or leaving," he said in a post online .
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