Trump says US will be reimbursed 20% on all cargo shipped through Strait of Hormuz

XLE•2026-07-13

Trump says U.S. will be reimbursed 20% on cargo through Strait of Hormuz

President Donald Trump said on Monday the U.S. was reinstating a naval blockade on Iran, and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz after Tehran claimed it had closed the strait.

Trump said the process would begin immediately, without elaborating.

Trump says US will be reimbursed 20% on all cargo shipped through Strait of Hormuz

Trump says U.S. will be reimbursed 20% on cargo through Strait of Hormuz

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