On Monday President Donald Trump said that the United States is going to stop ships from passing through the Strait of Hormuz again.
He also said that the United States will charge a fee of 20 percent on all ships that pass through the Strait of Hormuz.
This is making the fight between the United States and Iran even worse.
The fight is already causing a lot of problems for the oil markets. It could get even worse. The President of the United States and Iran are in a disagreement, and it is affecting the whole world. Oil prices and the Hormuz Strait are really important now because of the fight between the United States and Iran.
In a post on Truth Social, Trump said the strait "is open and will stay open with or without Iran." He said the U.S. It is putting back the "Blockade," which will only stop Iranian ships and their customers from entering or leaving the waterway.
Every other country will still have "open use of the Strait."
He made another point. The United States will now be called "THE GUARDIAN OF THE HORMUZ STRAIT." The U.S. wants 20 percent of all cargo shipped through the strait to pay for security costs.
He thinks this is fair. Earlier Trump told Fox News that the U.S. has been protecting the strait for free for a time. He said the country could be, like, an "angel" of the strait. The U.S. can't protect the strait for free anymore. It has done so for years without getting paid.
It's not clear how the U.S. will collect this fee. Shipping companies, oil traders, and foreign governments are trying to understand how it will work. Trump did not give details on who will pay the fee or how it will be collected.
The United States government has made a change in its policy. For months the United States government said that the strait must be free for all ships to pass through without paying any fees.
The United States government did not agree with Iran when Iran wanted to charge fees to ships that passed through the strait. The United States government said that this is because of a standing international law that says ships can sail wherever they want.
The United States and Iran signed an agreement in June that said Iran could not charge any fees to ships that passed through the strait. Now the United States government has a plan.
This plan does not say that the strait should go back to being free for all ships. Instead, the United States government wants to charge its fees to ships that pass through the strait.
The United States government says that this is different from what Iran wanted to do.
The United States government says that it is a security fee, not a tax.
The United States government says that this fee will make sure that ships can pass through the strait safely.
The United States government says that this is an idea. People who work in the energy industry do not agree.
The head of Chevron, Mike Wirth, said that his company would not pay any fees to Iran to pass through the strait.
He said that this would be an idea because it would change the rule that says ships can sail wherever they want without paying fees.
He also said that if Iran can charge fees, then other countries might want to charge fees.
The United States government wants to charge a 20 percent fee to ships that pass through the strait.
It is not clear if shipping companies will agree to pay this fee.
The strait is a place for ships to pass through, and the United States government wants to make sure that it is safe. Shipping companies might not want to pay the fee. The Strait and the fee are issues for the United States government and for shipping companies.
Financial markets changed fast after the announcement. Brent crude, which is a deal in the oil world, went up about 5 percent to around $80 a barrel.
At the time, U.S. West Texas Intermediate crude also went up a lot to around $75.
The S&P 500 did not do so well; it went down a bit, and the Nasdaq had a tough time. It was already struggling, and it hit its lowest point of the day.
Treasury yields also went up. People who study this stuff think it is because everyone is worried that there will be less oil available in the Gulf, which could make prices go up again just when the Federal Reserve was thinking about making it easier for people to borrow money.
The Strait is really important for oil trade; it carries a fifth of the world's oil, and it has been a big problem since the U.S.-Iran war started in late February. Because of the fighting, a lot fewer tankers are going through the strait, and a company that tracks this stuff, Kpler, said that the number of tankers going through went down, more than 50 percent over the weekend. Some tankers are even trying to sneak through by turning off the devices that show where they are so they can avoid being detected. This is called a "crossing," and it is becoming more common.
Trump made an announcement when the United States and Iran were having a fight. This fight was so bad that it was putting an end to a peace agreement that was made in June.
The United States Central Command said they attacked about 140 targets in Iran over the weekend. Iranian forces fought back by attacking military bases in other countries near the Gulf, according to the news from Iran.
The Iranian Revolutionary Guard also said they stopped two ships from going through the strait in a way that was not allowed.
The fighting did not just happen in the water. There were warnings of missile attacks in Bahrain, where the United States Navy has a base and in Kuwait, where they said they stopped incoming attacks.
Jordan's military said they shot down four missiles and nobody was hurt.
In Iran the news said there were attacks in the provinces of Hormozgan, Khuzestan, and Markazi, and at least two people were killed.
The Iranian government said that it was not safe to go through the strait because of what they called actions by the United States. Iranian officials said that the whole peace plan was in trouble and that Iran would not follow the rules if the United States kept attacking.
The Iranian Revolutionary Guard, which is in charge of Iran's missiles, said that the strait belongs to Iran and they will resist any interference. Trump said that the peace agreement is basically over and that the United States military might even take control of Kharg Island, which's a very important place for Iran's oil exports. However, this has not happened yet.
Trump and the United States are watching the situation with Iran closely. The United States and Iran are still. It is not clear what will happen next. Iran and the United States are having a difficult time, and it is affecting many countries. The situation, with Iran and the United States, is very serious.
