Swapna Kumbar , Bengaluru - Donald Trump has announced that the U.S. will impose a 20% charge on cargo moving through the Strait of Hormuz, saying America will be “reimbursed” for securing the waterway. He also said the U.S. is reinstating a blockade on Iranian vessels while allowing other countries “fair and open use” of the strait.
The proposal marks a sharp escalation in the struggle over Hormuz, one of the world’s most important energy chokepoints. Trump framed the fee as a security reimbursement, but the announcement has raised immediate legal and economic questions because international shipping lanes are generally not supposed to face unilateral tolls for transit. The International Maritime Organization has already said it opposes mandatory fees on passage through straits used for international navigation.
In practical terms, a 20% levy on cargo value could act like a major tax on global oil and gas flows, depending on how it is enforced. That would likely raise shipping costs, unsettle insurers and add pressure to already volatile energy markets. The “blockade” language matters because it suggests the U.S. is trying to control access to the strait rather than simply escort shipping through it. That creates obvious risks: even if the policy is presented as protection for non-Iranian ships, it could still be seen as an attempt to police a critical international waterway. The result is likely to be more diplomatic friction, not less.
Trump’s announcement turns the Hormuz crisis from a military and maritime standoff into a direct economic confrontation. If carried out, the toll could reshape shipping costs and further strain relations with Iran and other trading partners.
Iran has rejected Oman’s proposal for joint management of the Strait of Hormuz, seeking greater control over the vital global shipping route.
U.S. and Saudi forces struck Iran-backed groups in Iraq after drone attacks on American troops, while Iran rejected a proposal on the Strait of Hormuz.
The US Senate advanced a Russia sanctions bill that could allow tariffs of up to 100% on major buyers of Russian oil, including India and China.
Pakistan Defence Minister Khawaja Asif defended the killing of PoK protesters, saying he viewed them as "enemies like India," amid mounting outrage over the crackdown.
Mediators say a U.S.-Iran breakthrough may be near as Donald Trump prepares to meet Benjamin Netanyahu to discuss the next steps.
Ukrainian President Volodymyr Zelenskyy is set to meet Donald Trump as the Ukraine war and rising Iran tensions increasingly overlap.
A powerful 7.1-magnitude earthquake struck Japan’s Kumamoto prefecture, injuring several people, damaging buildings and triggering a tsunami warning.
Donald Trump dismissed Benjamin Netanyahu’s objections to a possible U.S. F-35 fighter jet sale to Turkey, saying America alone decides its defence deals.
Donald Trump said there is a “good chance” of progress in Iran talks, despite Tehran denying any formal negotiations.
Wildfires in France and Spain have forced around 320,000 people to evacuate, as firefighters battle worsening conditions and intense heat.
Iran warned of “unforeseen consequences” after accusing Ukraine of attacking an Iranian vessel in the Caspian Sea, killing one sailor.
Three people were killed and several others injured in a mass shooting at Seattle's Bite of Seattle food festival. Police have detained one suspect as the investigation continues.
France and Spain face worsening wildfires as extreme heat and strong winds fuel the blazes. Authorities warn of difficult hours ahead as firefighters battle to contain the fires.
Iran has paused retaliatory strikes after the U.S. halted fresh attacks, giving diplomacy a chance and easing pressure on global oil markets.
Iran has warned the conflict could widen if U.S. strikes resume, as a pause in fighting raises cautious hopes for de-escalation.
Donald Trump has again claimed credit for the India-Pakistan ceasefire as part o...
Fresh U.S. airstrikes in Iran reportedly killed 14 people, prompting Iranian ret...
President Donald Trump claimed he is Iran’s “No. 1 target” after security measur...
Three people were killed in U.S. strikes in western Iran as tensions escalated f...
President Donald Trump said the Iran ceasefire is “over” following fresh U.S. st...