Strait of Hormuz Explained: US President Donald Trump's proposal to impose a 20% charge on cargo passing through the Strait of Hormuz has sparked a sharp rebuttal from Iran and raised fresh concerns over oil prices, global trade and India's economy. Here's what international law says, why the UN opposes transit tolls, and how the plan could affect India's inflation, crude oil imports, LNG supplies, rupee and fiscal outlook.

Trump announces toll for Hormuz: US President Donald Trump said on Monday that the US is “reinstating” a blockade on Iran in the Strait of Hormuz. Not only that, Trump also…

US President Donald Trump has said that the United States will reinstate a blockade of Iran's seaports and require a 20% fee on the value of cargo transported through the Strait…