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Trump Says US ‘Takes Over’ Strait of Hormuz, WTI and Brent Crude Prices Both Top $80 tradingkey.com
2026-07-14 @ 10:21
TradingKey – On July 13 ET, U.S. President Trump stated that the United States will ensure the Strait of Hormuz remains open and may directly manage this critical global energy transit route. Trump declared that the U.S. will serve as the “guardian” of the strait, while announcing the reinstatement of a naval blockade against Iran and plans to levy a fee on vessels passing through the strait equivalent to 20% of the cargo value to offset the costs incurred by the U.S. in providing security.
Source: tradingkey.com