Trump Proposes Fee on Cargo Through Strait of Hormuz, Raising Oil Supply Concerns

President Donald Trump proposed imposing a 20% fee on cargo passing through the Strait of Hormuz. Analysts warn this could increase oil prices by $16 per barrel and heighten risks of supply disruptions or military escalation in the region.

By Lee Ying Shan · CNBC · July 14, 2026, 02:37 UTC

Topics: energy_security oil_prices strait_of_hormuz U.S.-Iran_relations

Read the full article at CNBC

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