Trump’s 20% Hormuz toll jolts markets as Asia adapts to oil shock
ONP Summary
President Trump announced the U.S. would charge a 20% fee on cargo transiting the Strait of Hormuz and serve as its 'guardian' after a ceasefire with Iran collapsed. Days later, Trump said he would replace the fee with trade and investment agreements with Gulf states.
Progressive:Economically damaging proposal — Progressive outlets characterized the toll as burdensome to global commerce and criticized it as undermining U.S. credibility.
Moderate:Strategic assertion — Moderate outlets reported Trump's framing of the U.S. as a 'guardian' controlling access to the strategic waterway.
Conservative:Legally questionable — Conservative outlets questioned whether international law permits unilateral cargo fees on international waters.
Asia’s economies are once again staring down the barrel of the Strait of Hormuz as the latest breakdown of the US-Iran ceasefire and Washington’s decision to impose a blockade-cum-toll threaten to keep energy costs elevated and shipping flows under strain.
But economists and shipping analysts say the region is better placed to absorb the blow this time round.
Oil prices jumped to a one-month high of US$84.78 a barrel on Tuesday morning as renewed fighting between Iran and the US over control of...
이 뉴스, 어떠셨어요?
탭 한 번으로 반응 · 로그인 불필요