US and Iran exchange strikes, Trump restores naval blockade on Iranian ports to prevent ships from passing through Strait of Hormuz.

President Donald Trump countered Iran's attempts to collect tolls on shipping via the Strait of Hormuz by announcing the US would do so at a rate of 20% for all cargo transiting…

President Donald Trump said Monday that the United States was reinstating its blockade of Iranian ports and "taking over" the Strait of Hormuz, where it would levy charges on…