Trump reinstates naval blockade of Iranian ships in Strait of Hormuz; 20% charge on other cargoes

On Monday, 13 July 2026, Donald Trump said the United States is reinstating its naval blockade of Iranian ships in the Strait of Hormuz, weeks after last month's ceasefire memorandum between Washington and Tehran collapsed. Trump also demanded a 20 percent reimbursement on the value of all other cargo passing through the waterway. Under the plan, Iranian ships and buyers of Iranian oil would be barred from entering or leaving, while other countries would retain free use of the strait. Lifting the blockade had been part of last month's war-ending agreement, which has now stalled largely over control of the Strait of Hormuz. Amid the tensions, Brent crude rose more than 3 percent on Monday, moving past 78 dollars a barrel.