President Donald Trump countered Iran's attempts to collect tolls on shipping via the Strait of Hormuz by announcing the US would do so at a rate of 20% for all cargo transiting the waterway.

WASHINGTON -- US President Donald Trump said Monday that the United States was reinstating a naval blockade on Iran in the Strait of Hormuz.

The U.S. and Iran have made conflicting statements about whether the Strait of Hormuz is open to shipping traffic.