Trump to reinstate naval blockade of Iran ports and impose Strait of Hormuz charge
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President Donald Trump has said the US is reinstating a naval blockade of Iranian ports and will impose a 20% charge on all cargo shipped through the Strait of Hormuz.
He said this would stop "Iran's ships or customers" from entering or leaving the key oil shipping route, but "all other countries will have fair and open use of the Strait".
The blockade will be in effect from 16:00 Eastern Time (20:00 GMT) on Tuesday.
Confirmed
President Donald Trump has said the US is reinstating a naval blockade of Iranian ports and will impose a 20% charge on all cargo shipped through the Strait of Hormuz.
He said this would stop "Iran's ships or customers" from entering or leaving the key oil shipping route, but "all other countries will have fair and open use of the Strait".
Unverified
The blockade will be in effect from 16:00 Eastern Time (20:00 GMT) on Tuesday.