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 said the US is “reinstating” a blockade on Iran in the Strait of Hormuz and will charge ships a “rate of 20 percent on all cargo shipped” through…

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…