Trump reinstates Iran blockade, imposes Hormuz shipping toll
President Donald Trump announced the US will reinstate a naval blockade on Iran in the Strait of Hormuz and charge commercial vessels a 20% fee for safe passage. The move effectively escalates economic pressure on Iran amid renewed hostilities in the region. Shipping companies have been demanding greater protection for vessels crossing the strategic waterway, which Iran has historically controlled. Multiple news outlets including AP News, BBC, and NPR confirm the policy shift.
CNN and other outlets detail how the US plan to become the 'guardian' of the Strait of Hormuz would work, with Trump offering naval protection for a 20% cargo fee. The proposal has sparked debate over its legality and feasibility, with the New York Times reporting that Trump's threat contradicts positions held by his own aides. Al Jazeera reports the plan as a significant shift in US maritime policy in the Persian Gulf.
A US federal judge has voided a settlement between Trump and the IRS, ruling that the former president sought to manipulate the judicial process and engaged in self-dealing. The judge scrutinized Trump's attempt to establish a $1.8 billion fund through the lawsuit, calling it an improper exercise of power. The New York Times and Al Jazeera report that the ruling represents a significant legal blow to Trump.