Trump reinstates Iran blockade and proposes 20% Strait of Hormuz fee as US strikes continue for third night · Pollar

Today’s Brief

Hormuz tolls and Spanish ashes

Trump escalates in Hormuz as Europe hardens defences and heat exposes brittle systems

The Gulf moved from danger to outright economic coercion, with American strikes, Iranian retaliation claims and a proposed fee on the world's most sensitive oil lane. Europe, meanwhile, answered insecurity with missile plans, cyber protests and more rules for technology at home.

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Trump reinstates Iran blockade and proposes 20% Strait of Hormuz fee as US strikes continue for third night · Pollar