The security situation in Hormuz has deteriorated since Iran attacked multiple commercial ships transiting the strait over the past week.

ALBAWABA- U.S. President Donald Trump announced on Monday a sweeping new policy for the Strait of Hormuz, declaring that the United States will assume t

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

UN maritime agency opposes US navigation fees for Hormuz. Iran charges Hormuz fees by July 15 at 10.6% YES.