US$30m per supertanker? Trump’s Hormuz toll will send oil prices through the roof, says analyst

The United States launched a new salvo of strikes against Iran on Tuesday (Jul 14), marking a new escalation in the resumption of hostilities, even as the US President Donald Trump said a deal with Tehran was still possible. Trump also proposed a 20 per cent toll fee on all cargo shipped through the Strait of Hormuz to reimburse the US for being the “guardian” of the strait. Speaking to CNA’s Asia First, Amin Saikal, emeritus professor of Middle Eastern, Central Asian and Islamic studies at the Australian National University, discusses how Trump’s latest declaration could affect the global economy. Read more: https://cna.asia/4wM8WMp

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