President Donald Trump has announced the United States will reimpose a blockade on Iranian ports. This move follows previous U.S. actions concerning Iranian shipping.
In addition to the blockade, President Trump stated the U.S. will levy a 20% charge on cargo passing through the Strait of Hormuz. This toll would apply to ships navigating the critical waterway.
The President indicated that the U.S. military would be responsible for enforcing the reinstated blockade and the new cargo toll. This is a developing story and will be updated as details emerge.