Oil surges as Trump says U.S. wants 20% charge for Hormuz flows

Biztoc.com - July 13, 2026

Oil surges as Trump says U.S. wants 20% charge for Hormuz flows

Oil surged by the most since April after U.S. President Donald Trump said he would reimpose a blockade on Iranian ships transiting the Strait of Hormuz and demand payment for all other cargo moving through the waterway, dashing hopes for a near-term recovery …

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