Trump says US will reinstate Iran blockade and charge for Strait of Hormuz shipping
President Trump has announced a US naval blockade of Iranian ports and plans to impose a 20% transit fee on ships using the Strait of Hormuz. Iran has rejected the move, vowing to maintain control over the waterway and warning neighboring Gulf states against cooperating with the US.
Why it matters
This escalation threatens global energy supplies and risks a significant expansion of the ongoing conflict between the US and Iran.
US PRESIDENT DONALD Trump declared the return of a US naval blockade on Iranian ports on Monday, saying Washington would impose hefty fees on ships transiting the Strait of Hormuz as fighting once again flared over the vital waterway.
The article reports on competing claims from both sides without adopting the rhetoric of either party.
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