WS #11978
Trump reinstates naval blockade of Iran, declares US 'Guardian of the Strait of Hormuz,' imposes 20% fee on all cargo; UN shipping agency opposes; oil prices spike, shipping traffic drops.
Strait of Hormuz Escalation
Trump reinstates naval blockade of Iran, declares US 'Guardian of the Strait of Hormuz,' imposes 20% fee on all cargo; UN shipping agency opposes; oil prices spike, shipping traffic drops.