(3rd LD) Trump says U.S. will charge 20 pct fee on all cargo shipped through Strait of Hormuz

Why This Matters

The U.S. President's announcement of a 20% fee on cargo shipped through the Strait of Hormuz has significant implications for global trade, particularly for countries reliant on oil imports from the Middle East. This move could escalate tensions with Iran and potentially disrupt international supply chains, with far-reaching consequences for the global economy. The decision also underscores the U.S. government's willingness to exert its influence over critical waterways.