Trump Announces New Charges On Cargo Through Hormuz
US president proposes new security fee as military tensions with Iran reduce traffic through one of the worlds most strategic waterways
President Donald Trump has announced that the United States intends to restore a naval blockade against Iran while imposing a 20 percent charge on all cargo transported through the Strait of Hormuz. The proposal comes as military tensions between Washington and Tehran intensify and commercial shipping through the strategic passage falls to its lowest level in months.
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Filed under: politics | DonateToRead