U.S. to reinstate Strait of Hormuz blockade, charge ships 20% toll on cargo, Trump says
U.S. President Donald Trump announced plans to reinstate a blockade of Iranian shipping in the Strait of Hormuz and impose a 20% toll on cargo. The move follows escalating missile and drone exchanges, drawing immediate opposition from Iran and international shipping authorities.
Why it matters
This policy shift threatens to disrupt global oil supply chains and significantly heighten geopolitical tensions in the Middle East.
An Indian sailor goes about their work after being stranded aboard their cargo vessel for days as congestion at Port Sultan Qaboos has prevented them from docking, leaving the ship anchored off the coast of Oman around Qaboos Port on June 23 in Muscat, Oman. Elke Scholiers/Getty Images
U.S. President Donald Trump said on Monday the United States was reinstating its blockade of Iranian shipping in the Gulf and would ensure the Strait of Hormuz stays open – for a fee – after the two sides exchanged more missile and drone attacks.
The latest hostilities followed Iran’s announcement at the weekend that it was closing the vital waterway, casting further doubt on an interim deal to halt the war and driving oil prices higher.
“The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. We are reinstating THE IRANIAN BLOCKADE,” Trump said on Truth Social.
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