Trump: U.S. should be reimbursed for guarding Strait of Hormuz
President Donald Trump announced that the U.S. will impose a 20% fee on all cargo passing through the Strait of Hormuz, declaring the U.S. the 'guardian' of the route. This move coincides with a renewed blockade of Iranian ports and ongoing military escalations in the region.
Why it matters
The policy shift has triggered immediate volatility in global oil prices and stock markets, signaling a major escalation in U.S.-Iran geopolitical tensions.
President Donald Trump on Monday said the U.S. will impose fees in the Strait of Hormuz "at the rate of 20% on all cargo shipped," after declaring America the "guardian" of the major oil shipping route.
Trump, in a Truth Social post , also said the U.S. will reimpose its blockade of Iranian ports near the strait, the epicenter of the U.S.' rapidly reescalating war with Tehran . The blockade will resume Tuesday at 4 p.m. ET, U.S. Central Command said .
"We're attacking them tonight, and we're taking out all of their capability for anything having to do with the strait," Trump told reporters at the White House later Monday afternoon. "And I think in the end, we will end up controlling the whole thing."
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in