US Reimposes Blockade Of Iranian Ports As Strait Of Hormuz Fighting Intensifies
The US reimposed its blockade of Iranian ports after Iran's attacks on commercial ships in the Strait of Hormuz.
The US launched new strikes against Iran as the interim ceasefire deal from mid-June unravels.
President Donald Trump dropped a proposed 20% fee for ships passing through the Strait of Hormuz after requests from Gulf allies.
Trump plans to replace the fee with Gulf investment deals, citing calls from kings and emirs.
A fifth of globally traded crude oil and natural gas passed through the Strait of Hormuz before the war began on February 28.
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