Trump Proposes 20% Cargo Fee for Ships Crossing the Strait of Hormuz

By Associated Press · Fast Company · 2026-07-14

According to reporting from Fast Company, President Trump intends to reinstate a military blockade against Iranian ports while charging commercial vessels for protection in regional waters. The move follows recent American strikes on Iranian coastal defenses and a series of retal

According to reporting from Fast Company, President Trump intends to reinstate a military blockade against Iranian ports while charging commercial vessels for protection in regional waters. The move follows recent American strikes on Iranian coastal defenses and a series of retal