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macroJul 13, 2026, 2:22 PM

Trump Reinstates Strait of Hormuz Blockade, Imposes 20% Cargo Fee

President Trump announced the US is reinstating a blockade of the Strait of Hormuz for Iranian ships and customers, and will charge a 20% fee on all cargo shipped through the strait, calling the US the 'Guardian of the Strait of Hormuz.'

USOIL

President Trump has declared that the United States is reinstating its blockade of the Strait of Hormuz for Iranian vessels and customers. In the announcement, Trump stated the US will now be known as "The Guardian of the Strait of Hormuz" and will be "reimbursed" at a rate of 20% on all cargo shipped through the strategic waterway.

The move effectively imposes a blockade and transit fee on the Strait of Hormuz, a critical chokepoint for global oil shipments. The announcement signals heightened geopolitical tension in the region, with potential implications for energy markets and shipping costs.

Source: The Kobeissi Letter