Summary

  • Trump says US blockade of Iran ports ‘reinstated’: states that US to be reimbursed at rate of 20% of cargo shipped for vessels wishing to transit.
  • Strikes escalated over weekend: US hit over 140 Iranian military targets; Iran attacks US-linked facilities across the Gulf.
  • Shipping tensions boil: Iran claims the strait is closed, but commercial vessels continue transiting under US protection.
  • Oil prices climb: on rising risk to global shipping & energy markets, as diplomacy clearly unraveling.

A stunning new Trump statement via Truth Social, proposing that the United States will collect an astounding rate of 20% of cargo shipped for vessels wishing to transit the Strait of Hormuz. He has declared the US military is “reinstating the Iranian blockade” due to the IRGC continuing to try and enforce Iran’s own protocol. This could of course amount to a US ‘fee’ of tens of millions of dollars for each vessel, significantly more than what Iran was seeking to impose.

https://www.zerohedge.com/geopolitical/dispute-whether-hormuz-open-rages-ships-continue-transiting

 

First mentioned –> https://goldtadise.com/?p=702171