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The Economic Times
The Economic Times
Business

US to charge 20% on Strait of Hormuz cargo, says Trump; reinstates naval blockade on ​Iran

Donald Trump Iran Strait of Hormuz United States Drone Missile

President Donald Trump said on Monday that the United States was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz after Tehran claimed it had closed the vital waterway.

"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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