“President Donald Trump is ‘very serious’ about his plan to impose a 20% toll on cargo transiting through the Strait of Hormuz, asserting that it’s a plan he’s wanted to move forward with for months,” Semafor reports.
“The president has long flirted with the idea of charging a toll, wondering back in April ‘why shouldn’t’ his administration do so and threatening to impose fees in June if a deal with Iran was not completed within a 60-day period. But Trump doesn’t always follow through with his musings, and until this week, he resisted formally announcing that plan — in part due to opposition from some in his orbit.”
Bloomberg: Trump says U.S. will be reimbursed 20% rate for Hormuz traffic.
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