US Reimposes Hormuz Blockade, Demands Tolls

President Donald Trump announced the United States was reinstating a naval blockade on Iranian ports and would serve as the 'guardian' of the Strait of Hormuz, demanding a 20% fee on all cargo transiting the critical waterway.

The declaration accompanied a third consecutive night of U.S. airstrikes against Iranian military targets.

Iran's military warned it would not allow the U.S. to interfere in the strait, marking a dramatic collapse of the fragile ceasefire.

Oil prices surged to one-month highs, with Brent crude jumping nearly 10% on fears of a prolonged disruption to global energy supplies.