Trump says Iranian ships and those trading with Iran will be barred, while other commercial traffic will pay a 20% transit fee.

President Donald Trump on Monday reimposed a US naval blockade on Iran and vowed hefty fees for ships transiting the Strait of Hormuz. In Yemen, Iran-backed Houthi rebels attacked…

"We're going to be reimbursed, because the other nations are very wealthy. They're on our side, and we can't be expected to do that for nothing," Trump said earlier in a phone…