CNBC·3 min read·medium
Trump’s Hormuz toll plan could backfire, global shipping industry warns — here’s why - CNBC
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Joseph Wilkins, Sam Meredith
✦AI Summary
The global shipping industry is warning that President Trump's proposed toll plan for the Strait of Hormuz could have negative economic consequences. Industry experts suggest the move may backfire and disrupt international trade routes.
Donald Trump, President of the United States, speaks during a press conference at the NATO Summit at the Presidential Complex in Ankara, Turkiye, on July 8, 2026. (Photo by Klaudia Radecka/NurPhoto v…
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