(URGENT) Trump says U.S. will be 'guardian' of Hormuz Strait, reimbursed at rate of 20 pct on all cargo shipped

Why This Matters

The Trump administration's pledge to serve as the "guardian" of the Hormuz Strait, a critical waterway for global oil trade, underscores the escalating tensions in the Middle East and the United States' increasing involvement in regional security. This move also highlights the potential for a significant shift in the global energy market, with implications for oil prices and international trade. The reimbursement rate of 20% on all cargo shipped through the strait further complicates the dynamics of international trade and energy politics.