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The Economic Times
The Economic Times

Trump's Strait of Hormuz Plan Explained: Can the US charge ships and what it means for India

Donald Trump Oil India United States Hormuz the Strait of Hormuz Strait Strait of Hormuz Iran United Nations

US President Donald Trump on Monday said America will impose a 20% charge on all cargo shipped through the Strait of Hormuz, a route through which nearly 20% of the world's oil supply passes and it being a vital link for India's enormous crude imports.

Iran has dismissed Trump's proposal, saying the US has no authority over the Strait of Hormuz. Foreign Minister Abbas Araghchi said Iran, and not US, is the true 'guardian' of Hormuz.

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