Trump wants ships traversing the strait to pay $15 for every barrel they carry. The sums involved are eye-watering

Trump plans U.S. control of the Strait of Hormuz and a 20% cargo fee. Traffic normalization by August 31 at 15.5% YES.

Oil prices surge as Trump announces a 20% charge on Hormuz shipments. WTI reaching $110 in July 2026 at 2.6% YES.