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President Donald Trump reinstated the US blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement for all other cargo shipped through the waterway.<\/p>\n
Trump\u2019s announcement Monday, in which he asserted the US would become the waterway\u2019s \u201cGUARDIAN,\u201d intensifies an ongoing spat between Washington and Tehran over the status of the shipping passage at the centre of the two nations\u2019 revived conflict.<\/p>\n
US military forces will resume blockading traffic to and from Iranian ports and coastal areas beginning Tuesday at 4 p.m. New York time, Central Command said in a statement. It said later on X that it had completed the latest in a series of strikes over the past week after a five-hour mission aimed at degrading \u201cIran\u2019s ability to attack commercial shipping.\u201d<\/p>\n
Trump had vowed the US would keep up attacks on Iran, telling reporters the strikes targeted the country\u2019s capabilities \u201cfor anything having to do with the strait.\u201d<\/p>\n
Brent crude rose above $85 a barrel for the first time in a month after Trump\u2019s latest moves. It was its biggest gain since May 2020.<\/p>\n
The president posted earlier on social media that the strait \u201cwill remain OPEN, with or without Iran.\u201d While Iran\u2019s ships would be blocked from entering or leaving, other nations\u2019 vessels could cross. But the US \u201cas a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped,\u201d the president wrote.<\/p>\n
The White House did not provide other details on Trump\u2019s fee proposal, including how it would be administered or whether it had been communicated to US allies in the Gulf.<\/p>\n
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The dangers in the strait were underscored on Monday night when the United Arab Emirates\u2019 Defense Ministry said in a post on X that two tankers, the Mombasa and Al Bahiyah, had been hit by Iranian cruise missiles. An Indian national was killed and eight others were wounded, according to the post.<\/p>\n
Iran\u2019s Islamic Revolutionary Guard Corps Navy struck several US weapons depots, a satellite communications center and housing for American personnel at Bahrain\u2019s Juffair base, according to a post on X from Press TV on Tuesday.<\/p>\n
\nMore than 10 people involved in shipping markets, including a handful whose ships have passed through Hormuz in recent weeks, said they were blindsided by the announcement of a potential fee on cargoes crossing the waterway.<\/p>\n<\/blockquote>\n
They said it was too early to know what the plan might look like in practice and how it would shape their decisions about transit.<\/p>\n
Iran sees any challenge to its authority in the strait as a breach of the interim peace agreement reached with the US in June, which called for toll-free commercial shipping during a 60-day negotiating window while requiring Tehran to ensure safe passage.<\/p>\n
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Bitcoin weakens as oil-price spike revives inflation concerns
US and Iran trade fresh strikes, dispute whether Hormuz is open
Goldman says Hormuz flare-up may delay recovery in oil supplies<\/p>\nIt continues to insist ships obtain permission and follow approved routes, and the renewed blockade may prompt further attacks on commercial vessels. Ship transits through the strait fell to their lowest level in a month on Sunday, according to Bloomberg ship-tracking data.<\/p>\n
Earlier Monday, Iran\u2019s government said the deal with the US has \u201cundoubtedly entered a crisis phase\u201d and that it won\u2019t abide by its terms as long as the other party violates commitments. Iranian Foreign Minister Abbas Araghchi mocked Trump\u2019s toll proposal.<\/p>\n
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\u201cIran has always been the GUARDIAN of the Strait and will remain so FOREVER,\u201d he posted on X. \u201c20% is of course too much. We will be fair.\u201d<\/p>\n
Trump\u2019s latest declaration underscores his precarious position just over three weeks after signing a memorandum of understanding that secured a ceasefire and briefly eased shipping through the strait, helping lower oil prices and raising hopes of cheaper gasoline ahead of November\u2019s US midterm elections. With fighting resuming and Iran reasserting its claim over the waterway, Trump is looking to reassert US leverage.<\/p>\n
\u201cAt least rhetorically, Trump appears to be trying to play the Iranians at their own game,\u201d said Holly Dagres, a senior fellow at the Washington Institute for Near East Policy. \u201cRest assured, the Iranians won\u2019t be giving up the strait that easily.\u201d<\/p>\n
Price risk<\/strong><\/p>\n
A 20% fee would add about $32 million to the cost of a fully loaded very large crude carrier at current oil prices, far exceeding the roughly $2 million Iran has charged, according to people familiar with the matter. Before the war, the Strait of Hormuz carried about a fifth of the world\u2019s oil flows, and Iran\u2019s efforts to close it pushed up energy prices and created political blowback for Trump, who touted the interim peace pact as a way to lower gasoline prices and support the economy.<\/p>\n
Countries and industries reliant on Hormuz have insisted it remain free to use, without tolls or maritime charges. US officials, including Secretary of State Marco Rubio and Trump, previously said the strait should remain open for all.<\/p>\n
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Trump signalled a change of heart Monday, telling Fox News the US should be compensated for keeping traffic moving because other countries \u201cmade all the money.\u201d Trump has repeatedly shifted his position, previously suggesting both the US and Iran could receive compensation from shippers.<\/p>\n
Plan roadblocks<\/strong><\/p>\n
Trump\u2019s proposal would be difficult to implement, risking blowback from US industries and allies while potentially conflicting with international law if applied broadly beyond escorted vessels.<\/p>\n
Under international law, ships generally are guaranteed a right of transit passage through waterbodies used for international navigation, and coastal states aren\u2019t allowed to charge vessels for the opportunity. There can, however, be charges for some \u201cspecific services\u201d rendered to individual ships.<\/p>\n
\nThe International Maritime Organisation reiterated that it \u201cstands firmly against charging fees for passage through straits used for international navigation.\u201d<\/p>\n<\/blockquote>\n
In recent weeks, US forces have escorted tankers and commercial ships along a southern route further from Iran\u2019s shores. Analysts have said maintaining lasting control of the strait would require a much larger military operation, potentially involving ground troops, which Trump has been unwilling to undertake.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n<\/p><\/div>\n
#hits #Iran #strikes #blockade #Trump #plans #Hormuz #charge<\/p>\n","protected":false},"excerpt":{"rendered":"
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