CNBC·4 min read·medium
Trump: U.S. should be reimbursed for guarding Strait of Hormuz
K
Kevin Breuninger
✦AI Summary
President Donald Trump announced that the U.S. will impose a 20% fee on all cargo passing through the Strait of Hormuz, declaring the U.S. the 'guardian' of the route. This move coincides with a renewed blockade of Iranian ports and ongoing military escalations in the region.
President Donald Trump on Monday said the U.S. will impose fees in the Strait of Hormuz "at the rate of 20% on all cargo shipped," after declaring America the "guardian" of the major oil shipping route.
politicsbusinessworldeconomy
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