President Donald Trump announced that the United States is reinstating a naval blockade targeting Iranian shipping through the Strait of Hormuz and said Washington would impose a 20% charge on cargo passing through the strategic waterway. The move came as fighting between the United States and Iran intensified, with both sides exchanging attacks on a scale not seen since the ceasefire announced in April.

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…

"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…