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July 13, 2026

Trump Defends 20% Fee for U.S. Protection of Shipping in the Strait of Hormuz

  • Trump justified the proposed 20% fee on cargo shipments through the Strait of Hormuz as a 'matter of fairness' to cover security costs.
  • The proposal has faced sharp criticism from UK officials, who label it as economic extortion and a violation of international law.
  • Amid escalating tensions, Trump announced the reinstatement of a blockade on Iranian ports, set to take effect on July 14.

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