What to know about Trump plan for Strait of Hormuz toll

AI Summary

President Trump proposed imposing a toll on the Strait of Hormuz to charge vessels for safe passage in this conflict-prone waterway. The plan aims to have the U.S. reimbursed for securing international oil shipping routes.

President Trump on Monday proposed that the U.S. impose a toll on the Strait of Hormuz for providing safe passage to vessels traveling through the battle-ridden waterway in attempts to restore international oil shipping levels.  The president said the U.S. would be “reimbursed” at a rate of 20 percent for being the “guardian” of the…