July 13th, 2026 - 02:51 GMT
ALBAWABA- U.S. President Donald Trump announced on Monday a sweeping new policy for the Strait of Hormuz, declaring that the United States will assume the role of the waterway's "Guardian of the Strait of Hormuz," enforce a targeted blockade on Iranian shipping, and impose a 20% fee on the value of commercial cargo transiting the strategic maritime corridor to finance U.S. security operations. In a statement outlining the new policy ...
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