Trump Proposes 20% Fee on Strait of Hormuz Cargo, Notifies Congress of Iran Blockade

President Trump has proposed a 20% fee on all cargo shipped through the Strait of Hormuz, a key global oil chokepoint. The move was accompanied by a formal notification to Congress of a renewed U.S. naval blockade on Iran, as reported by Semafor.

The proposal could significantly raise shipping costs and disrupt energy flows through the strait, which handles about one-fifth of global oil supply. The blockade notification signals a sharp escalation in tensions between the U.S. and Iran under the new administration.