Trump Explains 20% Strait of Hormuz Fee and Potential Oil Price Hike

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Energy

14 July 2026 at 7:29 pm

Trump Explains 20% Strait of Hormuz Fee and Potential Oil Price Hike

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Summary

President Donald Trump announced that the US would reinstate its blockade of Iranian ships in the Strait of Hormuz and demand a 20% reimbursement on all other cargo passing through the waterway.

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