What specific action did Donald Trump announce regarding the Strait of Hormuz, and what financial measure accompanies it?

Donald Trump announced that the US is 'reinstating' a blockade on Iran in the Strait of Hormuz and will charge ships a 'rate of 20% on all cargo shipped' through the waterway to cover security costs.

What immediate consequence followed Trump's announcement about the Hormuz blockade?

Traffic in the Strait of Hormuz slowed as Washington and Tehran asserted competing claims on the waterway and renewed strikes, threatening a fragile ceasefire.

US 'Reinstates' Hormuz Blockade, Charges 20% on Cargo, Trump Says

Jul 13, 2026

President Trump announced a US blockade on the Strait of Hormuz with a 20% cargo fee. Traffic slowed amid competing claims, threatening a fragile ceasefire between Washington and Tehran.

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