(2nd LD) Trump says U.S. will charge 20 pct fee on all cargo shipped through Strait of Hormuz

Why This Matters

This announcement by President Trump signifies a significant escalation in the ongoing tensions between the US and Iran, potentially disrupting global trade routes and oil supplies. The imposition of a 20% fee on cargo shipped through the Strait of Hormuz could have far-reaching economic implications, particularly for countries reliant on Middle Eastern oil imports. The move also underscores the Trump administration's willingness to use economic leverage in pursuit of its foreign policy objectives.