New York Times: Trump's Cost for Strait of Hormuz Ships Could Double Oil Transport Costs

Former U.S. President Donald Trump announced the resumption of the blockade of Iran and said he would charge ships passing through the Strait of Hormuz for assistance in crossing it. These remarks led to a surge in global oil prices, and The New York Times predicted that the move could double the cost of transporting oil through the strait.

• Donald Trump announced the resumption of the blockade of Iran.
• He also said he intends to charge ships passing through the Strait of Hormuz.
• The fee is intended to help ships pass through the Strait of Hormuz.
• After Donald Trump announced the news, global oil prices rose by more than 9%.
• The New York Times wrote that the “reimbursement” fee Trump has in mind could double the cost of transporting oil through the Strait of Hormuz.. Coverage difference: Khabar Online focused on the 9% surge in oil prices following Donald Trump’s remarks about resuming the blockade of Iran and charging ships. In contrast, Entekhab, citing The New York Times, addressed the economic consequence of the move: the possible doubling of the cost of transporting oil through the Strait of Hormuz.