Strait of Hormuz: Trump's High Stakes Gamble on Global Oil Markets As tensions between the US and Iran escalate, President Donald Trump has announced a resumption of the naval blockade and a promise to "guard" the Strait of Hormuz.
This move is accompanied by a plan to extract a 20% fee from vessels using it, marking a brazen attempt by Trump to redefine the rules governing global trade.
The decision is not merely about safeguarding US shipping interests or containing Iran's military adventurism.