President Donald Trump has U-turned on his threat to charge cargo ships transiting the Strait of Hormuz as much as 20% - but the US and Iran have continued trading strikes as Trump has told the US Congress that war has resumed.

President Donald Trump on Monday said the US is “reinstating” a blockade on Iran in the Strait of Hormuz and will charge ships a “rate of 20 percent on all cargo shipped” through…

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…