Trump announces a 20% cargo fee on Strait of Hormuz shipments, sending oil above $86 per barrel and raising macro implications for Bitcoin and crypto

President Donald Trump said the 20% fee on cargo was necessary to "do the job of providing safety and security" to the region.

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…