Trump Announces 20% Toll on Strait of Hormuz Vessels on July 13, Shipping Costs Expected to Double

According to New York Times, President Donald Trump declared a 20% toll on vessels passing through the Strait of Hormuz on July 13, raising concerns across the shipping industry. According to ING Research senior economist Rico Lumanm, the toll could potentially double transportation costs for shipping routes through the critical waterway.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments