Trump Announces 20% Hormuz Cargo Fee Amid Iran Conflict
Donald Trump has announced a major policy shift involving the Strait of Hormuz, saying Gulf nations should reimburse the United States for protecting the strategic waterway. He also declared the US would act as the Strait's "guardian", announced a reinstated blockade of Iran, and proposed a 20% cargo fee. The announcement comes amid intensified US-Iran fighting, rising global oil prices, and the breakdown of a previous ceasefire memorandum. Watch this report for the key developments and what they could mean for the region.
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