By Enas Alashray, Elwely Elwelly and Tala RamadanCAIRO/DUBAI, July 14 (Reuters) - The United States on Tuesday said it had reimposed a naval blockade of all Iranian ports in the latest escalation in the conflict, while President Donald Trump dropped a 20% transit fee on shipping through the Strait of Hormuz he had pitched only a day earlier.The U.S. also began a fresh round of strikes "to continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz," the U.S. military said.

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…

President Donald Trump on Monday reimposed a US naval blockade on Iran and vowed hefty fees for ships transiting the Strait of Hormuz. In Yemen, Iran-backed Houthi rebels attacked…