Trump reinstates Hormuz blockade, demands 20% fee

On July 14, 2026, U.S. President Donald Trump reinstated the blockade of Iranian ships in the Strait of Hormuz and demanded a 20% reimbursement on all other cargo passing through the waterway, asserting the U.S. would become its 'GUARDIAN.' The move escalates the ongoing conflict with Iran, which had been under an interim peace deal. U.S. United States — United States Central Command announced the blockade would resume at 4 p.m. New York time and launched a third consecutive night of strikes against Iran. In response, Iran's Foreign Minister Abbas Araghchi mocked the proposal, and Iran's government declared the interim agreement in crisis. The United Arab Emirates reported that two of its tankers were hit by Iranian cruise missiles, killing one Indian national and wounding eight. Brent Crude rose above $85 per barrel. The U.S. also ended waivers allowing Iran to sell crude oil. International bodies like the International — International Maritime Organization opposed the fee, and U.S. allies including Kuwait, Bahrain, and Jordan faced attacks. The European Union called for open navigation. The conflict threatens global oil supplies and shipping, with potential for further escalation.