TRUMP DEMANDS 20% HORMUZ CARGO FEE President Trump is proposing a 20% charge on cargo shipped through the Strait of...

TRUMP DEMANDS 20% HORMUZ CARGO FEE President Trump is proposing a 20% charge on cargo shipped through the Strait of Hormuzabout $30 million for a fully loaded oil supertanker. The shipping industry reacted with surprise, citing no warning or details. Iran's foreign minister agreed secure passage should be compensated but called 20% excessive. Hormuz carries roughly one-fifth of global oil and gas flows.