Trump’s Plan to Charge a Toll in the Strait of Hormuz: What to Know

President Trump announced a 20 percent fee on cargo through the waterway, despite his own administration’s position that such fees violate international law.

By Yan Zhuang

The U.S.-Iran ceasefire grows more distant. And, Congress faces a consequential week

The U.S. and Iran exchanged fire over the weekend amid tensions over the Strait of Hormuz. And, Congress returns from recess facing tight deadlines.

By Brittney Melton

Trump’s 20% Hormuz toll jolts markets as Asia adapts to oil shock

Asia’s economies are once again staring down the barrel of the Strait of Hormuz as the latest breakdown of the US-Iran ceasefire and Washington’s decision to impose a blockade-cum-toll threaten to keep energy costs elevated and shipping flows under strain. But economists and shipping analysts say the region is better placed to absorb the blow this time round. Oil prices jumped to a one-month high of US$84.78 a barrel on Tuesday morning as renewed fighting between Iran and the US over control ...

By Biman Mukherji

Why it's so difficult for the US to fully reopen the Strait of Hormuz

President Donald Trump has been trying to force Iran to fully reopen the Strait of Hormuz for months

By Ben Finley,Farnoush Amiri and Konstantin Toropin

Oil prices surge more than 3% as US-Iran strikes fuel Hormuz fear

"The Strait of Hormuz is a vital maritime corridor for global trade. Iran does not control it," CENTCOM said following its strikes on dozens of Iranian targets.

Oil climbs to one-month high as US, Iran step up attacks

Oil prices are now at their highest since the two countries signed a memorandum of understanding to end the war on June 17

By Reuters

Gold down as US-Iran tensions reignite oil rally

Registers Rs3,800/tola drop; rupee inches up to Rs278.02/$

By Our Correspondent

Oil jumps 4% to $79 per barrel as US-Iran tensions escalate

By Obas Esiedesa, Abuja Global oil prices climbed by more than four per cent on Monday, with Brent crude rising to about $79 per barrel, as renewed hostilities between the United States and Iran heightened concerns over disruptions to global crude supplies. The price rally followed fresh military exchanges between the two countries and Iran’s […] The post Oil jumps 4% to $79 per barrel as US-Iran tensions escalate appeared first on Vanguard News.

By Nwafor

Oil hits one-month high as US, Iran step up attacks in Strait of Hormuz

Oil prices rose nearly 3% on Tuesday to their highest in four weeks, as ‌the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows.

By Abubakar Ibrahim