Miami Fort Lauderdale, FL, July 13, 2026 —

Former President Donald Trump has proposed that the United States take control of the Strait of Hormuz, a critical chokepoint for global oil transport, amidst escalating tensions with Iran.

Trump stated that under his proposed plan, other nations would reimburse the U.S. for managing and securing the vital waterway. He also announced the reinstatement of a naval blockade against Iran. The former president intends to implement a 20% tariff on all cargo transiting the strait to offset the costs associated with security measures.

These remarks come at a time of heightened military actions and threats between the U.S. and Iran, which have led to a notable increase in oil prices. Commercial traffic through the Strait of Hormuz has also seen a significant decrease, reportedly due to the ongoing hostilities and associated risks.

The Strait of Hormuz, located between Iran and Oman, is a narrow waterway through which approximately one-fifth of global oil supply passes. Any disruption to shipping in this region can have substantial impacts on international energy markets and global trade.

The specific details regarding the timeline for the proposed blockade or tariff implementation were not provided. The extent of the current decrease in commercial traffic and the precise figures for the recent oil price increase were also not detailed in the statement.



Story summarized from the original created by Tiago Ventura and Olivia-Anne Cleary on time.com, see more information here.

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