US to resume Strait of Hormuz blockade and charge fees on ships, Trump says
Financial Times 2026-07-13 14:41:36
Context: The United States plans to reimpose a blockade on the Strait of Hormuz, a critical waterway for global oil shipments, and charge fees to ships passing through it, according to President Trump. The move is aimed at asserting US control over the strategic passage. The Strait of Hormuz connects the Persian Gulf to the Gulf of Oman.
Key Facts
- The US plans to charge a 20 per cent reimbursement fee on goods shipped through the Strait of Hormuz, as claimed by President Trump.
- President Trump stated that the US will act as the "guardian" of the Strait of Hormuz, implying a significant increase in US military and economic involvement in the region.
- The Strait of Hormuz blockade and fee imposition are part of a broader US strategy to exert control over the waterway, which is a vital route for global oil exports.