Trump proposes 20% Hormuz shipping fee as US-Iran escalate

10 hours ago 38

President Donald Trump suggests a 20% shipping fee through the Strait of Hormuz, citing U.S. security efforts. FOX Business' Lou Basenese analyzes the proposal and its potential impact on global oil prices and the ongoing conflict with Iran.

Amid escalating U.S.-Iran tensions, President Donald Trump proposes a 20% shipping fee through the Strait of Hormuz, arguing for reimbursement for U.S. security efforts. FOX Business contributor Lou Basenese analyzes the economic implications, noting the strategy to negotiate with Iran. Senior correspondent Mike Tobin provides updates on recent Iranian strikes on commercial shipping.

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