Trump pledged to guard the Strait of Hormuz while the UAE is reportedly building around it. What it means for investors.

The White House vows to charge all commercial ships passing through the Strait of Hormuz.

WASHINGTON -- US President Donald Trump on Monday said that the United States would probably take control of the Strait of Hormuz and should be paid for doing so.

President Trump announced the United States will guard the Strait of Hormuz. He stated America will act as the waterway's guardian and receive payment. Trump accused Iran of…