Trump Claims Authority to Charge 20% Toll on Oil Through Hormuz Strait

Trump announced Monday the US will collect a 20% toll on all cargo transiting the Hormuz Strait, which handles 20 million barrels daily. The announcement, made via Truth Social and Fox, offers no detail on implementation—whether the toll applies to cargo value or shipping costs, who collects it, or whether Congress has constitutional authority to levy charges on international waters. It also contradicts his June pledge of no tolls during a 60-day US-Iran ceasefire.