WS #11975
President Trump announced a 20% levy on all cargo transiting the Strait of Hormuz and a blockade on Iranian shipping, escalating the conflict and adding ~$15/bbl to oil costs.
US-Iran Strait of Hormuz Escalation: 20% Transit Levy
President Trump announced a 20% levy on all cargo transiting the Strait of Hormuz and a blockade on Iranian shipping, escalating the conflict and adding ~$15/bbl to oil costs.