Trump’s ‘guardian’ fee: How much would a supertanker have to pay to cross Strait of Hormuz?

Trump, after threatening a renewed US naval blockade, has said that ships will be allowed safe passage via Hormuz for a 20% toll. (AP Photo) Adding to transit cost uncertainty, US President Donald Trump has proposed imposing a 20% reimbursement or toll on cargoes that are transported through the Strait of Hormuz. Traditionally, vessels have enjoyed free passage through the Strait of Hormuz under international maritime law, which generally prohibits coastal states from charging ships simply for exercising their right of transit. Unlike man-made canals such as the Suez and Panama, which are sovereign infrastructure and levy substantial transit tolls,…