Published Jul 13, 2026, 10:25 AM ET · Updated 4 months ago · 1 source

Trump Says US Will Be Reimbursed 20% Rate for Hormuz Traffic

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Trump Says US Will Be Reimbursed 20% Rate for Hormuz Traffic

President Donald Trump said the US would reinstate its blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement on all other cargo shipped through the waterway.