110 Days
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Trump's Fees on Strait of Hormuz Cause Shock and Doubt in the Shipping Industry
U.S. President Donald Trump proposed imposing a 20% surcharge on shipments passing through the Strait of Hormuz, amounting to approximately 30 million dollars per voyage for fully loaded supertankers, based on oil prices of around $80 per barrel. This statement comes in the context of reimposing the American embargo on Iranian ships traversing the region, while the shipping sector expressed surprise and confusion about the implementation details of this proposal, which is seen as potentially affecting about 20% of global oil and gas flows.
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