WS #11980
Trump announces US will take control of Strait of Hormuz and impose 20% fee on cargo; Houthis threaten Bab al-Mandab closure; oil surges 5%, vessel traffic nearly stopped.
Strait of Hormuz Escalation
Trump announces US will take control of Strait of Hormuz and impose 20% fee on cargo; Houthis threaten Bab al-Mandab closure; oil surges 5%, vessel traffic nearly stopped.