President Trump said the United States will seek control of the Strait of Hormuz and operate the waterway as tension between the U.S. and Iran grows.

The US president says the planned levy will be replaced by trade and investment deals with various Gulf states.

President Donald Trump said on Monday the United States was reinstating its blockade of Iranian shipping in the Gulf and would ensure the Strait of Hormuz stays open — for a fee — after the two sides exchanged more missile and drone attacks.

U.S. President Donald Trump said Tuesday the United States would 'take care of' the Iran-backed Houthi militia if it presses ahead with a blockade in the Red Sea, as concerns grew that if the waterway is blocked,

WASHINGTON, July 13 (Reuters) - President Donald Trump said on Monday that the United States was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz after Tehran claimed it had closed the vital waterway.

A fifth of the world’s oil and gas passed through the strait before Iran asserted control over it after the start of the war.

Trump warned Iran of severe retaliation after three more US troop deaths, as fresh strikes and regional attacks deepened the conflict

U.S. President Donald Trump said Monday that the United States is “reinstating” a blockade on Iran in the Strait of Hormuz and will charge other ships for safe passage. Iran has insisted it controls the critical waterway,

Latest updates on the Iran conflict with US military attacks, casualties, and regional tensions. Renewed sanctions evasion and rising oil prices impact global markets as the situation escalates.