"The United States is the one shutting the Strait of Hormuz, even as President Donald Trump was calling for it to reopen just a few days ago."
"Iran is tightening its grip on the strait, demanding the right to impose tolls on ships passing through it."
"The ripple effects could go beyond energy and trade flows, challenging the dominance of the US dollar in global shipping."
The United States has initiated a blockade of the Strait of Hormuz, contradicting President Trump's previous calls for its reopening. This action follows failed negotiations between Tehran and Washington. Iran is asserting its authority over the strait, seeking to impose tolls on vessels transiting through. The implications of these developments extend beyond energy and trade, potentially undermining the US dollar's dominance in global shipping.
Read at www.aljazeera.com
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