Trump dropped his 20% Strait of Hormuz cargo fee within 24 hours but launched a naval blockade of Iran, rattling oil markets and crypto risk sentiment.

U.S. President Donald Trump said on Monday that Washington was moving to reinstate a naval blockade on Iran and would be reimbursed 20% on all cargo...

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