Trump turns Hormuz into a battlefield and a toll booth
Continues from last evening.
US forces struck Iranian military targets for a third straight night, and Central Command said the attacks hit air-defence systems, coastal radar, missile and drone capabilities and small boats. Iranian state media and military-linked sources reported explosions near the strait and claimed strikes on American and allied military facilities in the region, accounts Washington did not confirm. Donald Trump chose blunt salesmanship over careful signalling before the operation.
“We're beating them up.”
Donald Trump then announced a renewed naval blockade on Iran and said the United States would collect a 20% fee on cargo shipped through the Strait of Hormuz, though he offered few operational details. The International Maritime Organization rejected the idea and said there was no legal basis for mandatory tolls in straits used for international navigation.
- Closing move4.3
- Intraday spike9
The move buried what was left of a June interim agreement that had aimed to reopen the strait and pause hostilities for further talks. Brent crude climbed 4.3% to $79.31 a barrel after the announcements and briefly jumped about 9% intraday, a reminder that even a boast dressed up as policy can travel quickly through petrol pumps and inflation expectations.
A toll booth in Hormuz is not a tariff gimmick; it is a tax on the world's fuel nerves.
Reporting from: Reuters, The Irish Times, The Independent, Irish Independent, The Economist, The Wall Street Journal