Trump offers US protection in the Strait of Hormuz for a 20% fee. How would that work? | CNN Business

Since the US-Israeli war with Iran broke out, shipping companies have been calling for greater protection for vessels to safely cross through the Strait of Hormuz, a critical trade route that is controlled by Iran. President Donald Trump now says the United States can provide that — but in exchange for a 20% fee on cargo moving through the waterway.

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