Trump proposes 20% toll on cargo through Strait of Hormuz
President Donald Trump has proposed a 20% toll on cargo shipped through the Strait of Hormuz and said the U.S. would reimpose a blockade on the waterway. The strait is a major oil-shipping route and the epicenter of the ongoing U.S. and Israeli war with Iran.
President Donald Trump has proposed imposing a 20% toll on cargo shipped through the Strait of Hormuz, one of the world's most critical oil-shipping chokepoints, while also announcing that the United States would reimpose a blockade on the waterway.
The strait has become a focal point of the ongoing war between the U.S., Israel and Iran. Rising tensions in the region have unsettled global energy markets and added fresh pressure to oil prices.
The proposal comes as part of broader U.S. efforts to reassert military and economic leverage in the region. Analysts say that if implemented, the toll could have a significant effect on global supply chains and freight costs.
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