US President Donald Trump said the United States would impose a 20 per cent charge on cargo passing through the Strait of Hormuz to recover the cost of securing the waterway and would reinstate a blockade targeting Iranian ships

The Middle East witnessed its biggest escalation since the April ceasefire as the US and Iran exchanged heavy attacks, with the Strait of Hormuz emerging as the key flashpoint. Tehran warned it could stop following the ceasefire framework, while Gulf nations faced retaliatory strikes