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Home›Global Markets›Trade & Tariffs›Trump proposes 20% toll on cargo through Strait of Hor…

Trump proposes 20% toll on cargo through Strait of Hormuz

The proposal targets a key oil-shipping chokepoint that links global energy flows to U.S. and Israel-Iran tensions.

Reported · Written up by our desk · Trade & Tariffs

CNBC reports that Donald Trump has proposed imposing a 20% toll on cargo passing through the Strait of Hormuz, and has called for restarting an Iran blockade.

The Strait of Hormuz is described as a major oil-shipping route, and the location is also characterized as the epicenter of the U.S. and Israel’s ongoing war with Iran.

← Newer storyUS to reinstate Iran blockade, charge fees for Strait of Hormuz shipp…

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Sources

CNBC MarketsTrump proposes 20% toll on cargo through Strait of Hormuz; restarts Iran blockade
CNBC WorldTrump proposes 20% toll on cargo through Strait of Hormuz; restarts Iran blockade

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