Trump announces 20% toll on ships in Strait of Hormuz

AI Summary

President Trump has announced a 20% toll on ships passing through the Strait of Hormuz amid ongoing conflict and uncertainty. The Strait, a strategic chokepoint, previously handled about one-fifth of the world's oil and gas supplies before Iran asserted control following the outbreak of war.

Trump's announcement comes after another major exchange of fire cast fresh uncertainty over efforts to negotiate an end to the conflict. Before Iran asserted control over the Strait of Hormuz after the war began, about one-fifth of the world's oil and gas supplies moved through the strategic waterway.