U.S., Iran trade fire after Trump says blockade resuming, floats tolls

The U.S. and Iran resumed hostilities after President Trump said Washington would restart a naval blockade of Iranian ports and proposed a 20% toll on cargo through a key waterway. The escalation raises near-term shipping and trade-risk premiums, with potential spillover to energy prices and broader supply-chain costs.

Analysis

The U.S. and Iran resumed hostilities after President Trump said Washington would restart a naval blockade of Iranian ports and proposed a 20% toll on cargo through a key waterway. The escalation raises near-term shipping and trade-risk premiums, with potential spillover to energy prices and broader supply-chain costs.