Trump's Hormuz Toll Jolts Global Oil Markets, Sparks India's Trade Fears
In a bombshell move, former US President Donald Trump announced on Monday the reinstatement of a naval blockade on Iranian ports and an unprecedented 20% cargo levy on all non-Iranian shipping passing through the critical Strait of Hormuz. Framing the charge as compensation for American forces securing the route amidst escalating US-Iran hostilities, the declaration immediately sent shivers through global energy markets, with Brent crude prices jumping more than 4% to nearly $82 a barrel.



















