U.S. President Donald Trump threatened to impose new tolls in the Strait of Hormuz last weekend, sparking worries that the practice of charging to pass through critical waterways could spread — with devastating consequences to the global economy. Iran has blocked the strait for much of the war, reportedly charging tolls as high as $2 million US for ships it allows to pass.

US President Donald Trump said Saturday that no maritime fees will be permitted in the Strait of Hormuz during the current 60-day ceasefire, warning that Washington may impose its…

President Donald Trump said no maritime fees will be allowed in the Strait of Hormuz during the current ceasefire period, warning that the United States could impose its own…

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestylePresident Trump has threatened to impose…

Trump threatens to destroy Iran over the Strait of Hormuz and proposes a 20% oil tax. Strait effectively closed by June 30 at 1.2% YES.

NEW YORK: Ship traffic has picked up in the Strait of Hormuz since Iran and the US signed an interim deal to end a war that constricted global oil supplies and fueled inflation,…

Uncertainty over the future control of the Strait of Hormuz and the possibility of toll charges for passing vessels continue to cast a shadow over efforts to secure a lasting…

Iran and the U.S. both threatened to tax ships crossing the world's most critical oil chokepoint — an action experts say violates international law.

U.S. President Donald Trump threatened to impose new tolls in the Strait of Hormuz last weekend, sparking worries that the practice of charging to pass through critical waterways…

WASHINGTON, June 24 (Reuters) - U.S. President Donald Trump said on Wednesday that Iran has told the United States that no tolls were being sought from ships traveling through the…

If this is false information from Iran, negotiations would end, immediately, the US president warned

Iran has said it wants to charge "maritime service fees" in the Strait of Hormuz.

US President Donald Trump said Wednesday that diplomatic talks with Iran would terminate instantly if Tehran attempts to collect fees from maritime traffic in the Strait of…