Trump reinstates Iran port blockade and vows charge on cargo passing through Hormuz
President Donald Trump has said the US is reinstating a naval blockade of Iranian ports and will impose a 20% charge on all cargo shipped
President Donald Trump has said the US is reinstating a naval blockade of Iranian ports and will impose a 20% charge on all cargo shipped through the Strait of Hormuz following days of escalating strikes between the two countries.
He said this would stop "Iran's ships or customers" from entering or leaving the key oil shipping route, but "all other countries will have fair and open use of the Strait". The blockade will be in effect from 16:00 Eastern Time (20:00 GMT) on Tuesday.
Iran's foreign minister later said whoever provides safe passage "should be compensated for this service", but Iran would remain the strait's "GUARDIAN" - using Trump's word. Tehran and Washington clashed over the strait's control after exchanging strikes in the region overnight and on Monday.
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