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The Latest Breaking News from Strait

Trump Abandons 20% Strait of Hormuz Fee, Says Gulf States Will Make 'Record' Investments in the US as CENTCOM Reaffirms Naval Blockade

President Donald Trump has abandoned the idea of imposing a 20% fee on all vessels traveling through the Strait of Hormuz after floating the idea on Monday, demanding compensation in exchange for safe passage through the waterway.

Benzinga

War, talks, repeat: How to break the cycle between US and Iran?

Who needs nuclear weapons when you have the Strait of Hormuz? While ordinary Iranians are far worse off than on February 28th – when the US and Israel launched a war that killed the Supreme Leader on day one – the Islamic Republic has since shown it has massive leverage…

France 24

The Trump toll: Why plan to charge ships 20% fee in Strait of Hormuz will never work

Trump’s 20 per cent toll on shipping could more than double the cost of transporting oil from the Gulf to Europe, say analysts

The Independent UK

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US-Iran conflict widens after deadly tanker attack in Strait of Hormuz

Commercial shipping has come under attack in the Strait of Hormuz as the US and Iran exchange military action, raising fears the conflict could draw more Gulf states into the fighting.

Euronews

Hormuz is No Suez or Panama Canal, Says Global Shipping Giant, Slams Trump's 20% Toll as 'Fundamentally Wrong'

Shipping executives warned that President Donald Trump’s proposed 20% levy on vessels passing through the Strait of Hormuz could backfire by discouraging ship traffic and further reducing activity on the crucial trade route.

Benzinga

The price of oil shoots upward as Trump demands tolls in the Strait of Hormuz

Everything you need to know before you reach the office this morning.

Fortune

Former Defense Secretary Mark Esper Backs Trump's Iran Blockade: 'the Right Move'

Former Defense Secretary Mark Esper on Monday backed President Donald Trump’s decision to reinstate a U.S. naval blockade of Iranian ports, calling it the "right move" as Washington claims a bigger security role in the Strait of Hormuz.

Benzinga

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‘Pirates of Hormuz’: Brazil PM Lula attacks Trump's 20% shipping toll, calls it ‘piracy’

Brazilian President Luiz Inácio Lula da Silva has openly criticized Donald Trump's suggestion to impose a fee on ships traversing the Strait of Hormuz, branding the U.S. as a 'pirate state.' Trump claimed that the U.S. would assume the role of guardian over this vital waterway. This development emerges amid…

The Times of India

Stock Market Today: Dow, S&P 500, Nasdaq 100 Futures Rise on Better-Than-Expected CPI Data—Tower Semiconductor, Twin Vee, JPMorgan In Focus (UPDATED)

U.S. stock futures pared losses to advance on Tuesday, as the Nasdaq 100, Dow Jones and S&P 500 indices gained, following Monday’s lower close.

Benzinga

Trump's Strait of Hormuz Blockade Could Push Oil Higher, Gas Prices Could Reach $4 a Gallon, Analyst Says

GasBuddy analyst Patrick De Haan on Monday cautioned against gas prices in the U.S. likely spiking as tensions between Washington and Tehran escalate over the Strait of Hormuz.

Benzinga

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

Strait of Hormuz Explained: US President Donald Trump's proposal to impose a 20% charge on cargo passing through the Strait of Hormuz has sparked a sharp rebuttal from Iran and raised fresh concerns over oil prices, global trade and India's economy. Here's what international law says, why the UN opposes…

The Economic Times

US attacks Iran and Tehran retaliates across the Middle East as both vie for control of strait

The U.S. has launched more strikes on Iran after President Donald Trump said Washington is “reinstating” a blockade on Iran in the Strait of Hormuz

The Independent UK

'Mojtaba Khamenei is 90% gone': Trump makes big claim as US-Iran conflict spirals out of control

US President Donald Trump claimed Iran's top military leadership is wiped out and successor Mojtaba Khamenei is "90% gone". Trump announced an "Iranian blockade" alongside transit fees for the Strait of Hormuz, sparking a sharp rejection from Iranian Foreign Minister Abbas Araghchi, who insisted Tehran remains the waterway's guardian.

The Economic Times

Trump Is 'Absolutely Right,' Says Iran's Foreign Minister Abbas Araghchi About Strait of Hormuz Compensation — But 20% Is 'Too Much'

On Monday, Iranian Foreign Minister Abbas Araghchi pushed back against President Donald Trump’s plan to impose a 20% fee on cargo moving through the Strait of Hormuz, arguing that Tehran—not Washington—is the rightful guardian of the strategic waterway.

Benzinga

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The Economic Times

Iran's tankers take secret route through Hormuz to dodge US sanctions

Iran secretly moved oil tankers through the Strait of Hormuz before US threats. US strikes followed an Iranian attack on a Cyprus-flagged container ship. Iran retaliated against US allies, striking UAE oil tankers and killing an Indian sailor. The US announced a reinstated naval blockade of Iranian ports and coastal…

The Times of India

'20% is too much, we'll be fair': Iran mocks Trump's 'guardian of Hormuz' claim over transit fee

Iranian foreign minister Seyed Abbas Araghchi on late Monday mocked US President Donald Trump over his proposal to charge a 20% fee on cargo transiting the Strait of Hormuz, asserting that Iran, not the US, is the true "guardian" of the strategic waterway.

The Economic Times

'20% too much, Iran will be fair': Iranian FM Araghchi takes dig at Trump over Hormuz "guardian" remark

In an amusing retort, Iran's foreign minister dismissed President Trump’s suggestion of charging fees for Strait of Hormuz security, claiming that Iran exclusively oversees this essential maritime route. Trump had previously indicated a twenty percent charge, but Iran strongly warned against US meddling, with both nations standing firm in their…

The Independent UK

Keir Starmer speaks out on Strait of Hormuz attacks as Trump threatens 20% tolls

Sir Keir made his remarks after the US president claimed charging a fee on cargo for use of the Gulf channel was a “matter of fairness” to cover the cost of providing security

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Evening Standard

Starmer calls for restriction-free Strait of Hormuz as Trump threatens tolls

The move by the US president to slap a charge on vessels using the sea route is branded ‘economic extortion’ by critics.

Radio France Internationale

France, Germany, UK condemn Iran attacks as renewed fighting with US puts peace deal at risk

The foreign ministers of France, Germany, and Britain have condemned Iran's attacks on shipping in the Strait of Hormuz and on countries in the region, as Iran and the United States have traded attacks in recent days, casting doubt on their interim agreement to end the war.

Bangkok Post

Trump says US reinstates Iran blockade, will be 'paid' for guarding Hormuz

WASHINGTON (UNITED STATES) - President Donald Trump said Monday that the United States was reinstating its blockade of Iranian ports and "taking over" the Strait of Hormuz, where it would levy charges on shipping.

The National (Scotland)

Donald Trump says US to reinstate Hormuz blockade and impose 20 per cent cargo charge

DONALD Trump has said that the US will reinstate the Strait of Hormuz blockade and impose a 20 per cent charge on cargo ...

The Times of India

Dubai plans new port to cut reliance on Strait of Hormuz

DP World is planning to develop a new port and a container terminal on the United Arab Emirates' east coast in a move aimed at reducing Dubai's reliance on its flagship Jebel Ali Port. It looks to create an alternative trade route that bypasses the Strait of Hormuz.

The Independent UK

Trump move to levy 20% toll on Strait of Hormuz shipping ‘economic extortion’

The US president sparked outrage as he claimed charging a fee is a ‘matter of fairness’ to cover the cost of providing security.

International Business Times

The U.S. Is Seeking To Prevent Iran From Charging Tolls In The Hormuz Strait. Now Trump Says The U.S. Will Do it

President Donald Trump said that the U.S. will collect revenue from protecting ships passing through the Strait of Hormuz.

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