US President Trump says the Strait is open and will remain open, with or without Iran; US will be will be reimbursed a rate of 20% on all cargo shipped for costs necessary to do the job of providing safety and security
President Trump's 20% security fee and blockade in the Hormuz Strait sparked a 3.5% oil price surge and reduced vessel traffic to record lows as U.S.-Iran tensions escalate.
News detail
FULL POST: The Hormuz Strait is OPEN, and will remain OPEN, with or without Iran. We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran’s ships or customers from entering or leaving. All other countries will have fair and open use of the Strait. The U.S.A. will be, from this point forward, known as “THE GUARDIAN OF THE HORMUZ STRAIT,” but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World. The process and formation will begin immediately. Thank you for your attention to this matter! President DONALD J. TRUMP
What do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.
